...amendment of 1903 It Bach. Karst v. Black Diamond Range Co. to the Bankruptcy act, which declares when ''"because of insolvency a receiver or trustee has...charge of his property under the laws of a state, or territory, or of the United States" to be an act of bankruptcy. Insolvency in the sense employed...

...the Bankruptcy Act by providing that acts of bankruptcy would exist if a person, ''being insolvent, applied for a receiver or trustee for his property...a state, of a territory, or of the United States" (Comp. St. 1916, § 9587). In May following the Supreme Court handed down its decision in Re Watts,...

...act (Act Feb. 5, 1903, c. 487, 32 Stat. 797) by making an additional act of bankruptcy, as follows : "Applied for a receiver or trustee for his property,...been put in charge of his property, under the laws of the state, or the territory, or the United States ;" and by the original act it is provided (paragraph...

...the benefit of creditors. Nor is the case within the meaning of the last clause of section За (4), 'or because of insolvency a receiver or trustee has...charge of his property under the laws of a state. • • • ' The allegations do not show insolvency, within the meaning of section 3466 or of the...

...language of the amendatory act of February. 1903. and the act of bankruptcy alleged in the petition, is "because of insolvency a receiver or trustee has been...charge of his property under the laws of a state, or a territory, or of the United States." The essential element in the alleged act of bankruptcy is...

...in section 3a(4): "made a general assignment for the benefit of his creditors, or, being insolvent, applied for a receiver or trustee for his property...a state, of a territory, or of the United States." Section 3b provides: "A petition may be filed against a person who is insolvent and who has eommited...

...part thereof, or if a receiver or trustee has been placed in charge of the same or any part thereof under the laws of a state, of a territory or of the United States; (5) an admission in writing by a respondent that an estate, the legal title to which Is vested in him,...

...as follows: "or (4) made a general assignment for the benefit of his creditors, or, being insolvent, applied for a receiver or trustee for his property...a State, of a Territory, or of the United States." Act Feb. 5, 1903, c. 487, § 2, 32 Stat. 797. This section is part of an net to amend the bankruptcy...

...act of February 5, 1903, provided that acts of bankruptcy would exist if a person " being insolvent, applied for a receiver or trustee for his property...laws of a State, of a Territory, or of the United Opinion of the Court. 190 US States ; " and that the intent of the bankruptcy law is to place the administration...

...amended by the act of 1903, and the specific case provided for in these words: "Or, being insolvent, applied for a receiver or trustee for his property...a state, of a territory, or of the United States." Inasmuch as the disposition of future cases involving the question raised here has been thus settled...