UNITED STATES SUPREME COURT DECISIONS ON-LINE

In this case, the substantial controversy was whether a transfer made by the bankrupt to his wife of certain valuable certificates of stock was made before or after insolvency, and, notwithstanding doubts engendered by conflicting statements and questionable circumstances and the different conclusion reached by the trial court, this Court agrees with the conclusion reached by the circuit court of appeals that the gift was made during the period of solvency.

In California, where the bankrupt resided, title to stock may be transferred by delivery of certificates, and the corporate books are not for public information.

219 F. 17 affirmed.

The facts, which involve the legality of a transfer of assets made by the bankrupt more than four months prior to the filing of the petition, are stated in the opinion. clubjuris

Page 241 U. S. 200