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(Download) "In Re Inland Gas Corp." by Sixth Circuit. United States Court Of Appeals " eBook PDF Kindle ePub Free

In Re Inland Gas Corp.

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eBook details

  • Title: In Re Inland Gas Corp.
  • Author : Sixth Circuit. United States Court Of Appeals
  • Release Date : January 18, 1954
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 55 KB

Description

The history of this long drawn out reorganization is sufficiently disclosed, for present purposes, in Columbia Gas & Electric Corporation v. United States, 6 Cir., 151 F.2d 461, rehearing and modification denied, 6 Cir., 153 F.2d 101, certiorari denied, 329 U.S. 737, 67 S. Ct. 48, 91 L. Ed. 636, and In re Inland Gas Corporation, 6 Cir., 187 F.2d 813. A final plan of reorganization has now, after much study and amendment, been approved by the district court in its order of February 12, 1953. Its salient features provide for a reorganized corporation to be known as the Inland Gas Corporation. It will take over the subsidiaries of American Fuel and the assets of Inland, debtor. Claims against Inland will be paid in cash or assumed by the new corporation. The trustees of American Fuel and Kentucky, for their bond and note holders, will receive stock. The new corporations capital stock will be placed in escrow to assure delivery thereof in the event of sale.


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