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Price v. United States, 269 U.S. 492 (1926)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Price v. United States, 269 U.S. 492 (1926)
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Price v. United States No. 454 Submitted November 23, 1925 Decided January 11, 1926 269 U.S. 492
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
1. Taxes due the United States are "debts" within the meaning of Rev.Stats. § 3466, giving the United States priority in certain cases. P. 499.
2. Rev.Stats. § 3466 is to be construed liberally. P. 500.
3. The joining by a defendant corporation in securing a receivership in a suit by a simple contract creditor, to take over the defendant’s property and business for the purpose of conserving them and paying creditors, amounts to a voluntary assignment, within the meaning of § 3466, Rev.Stats., where the business is in a failing condition and turns out to be insolvent so that the assets are a trust fund for the creditors according to their priorities. P. 502.
6 F.2d 758 affirmed.
Certiorari to a judgment of the circuit court of appeals affirming an order of the district court directing a receiver to pay claims of the United States as priority claims. See Liberty Mutual Co. v. Johnson Shipyards, 6 F.2d 752; Stripe v. United States, post, p. 503.
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Chicago:
U.S. Supreme Court, "Syllabus," Price v. United States, 269 U.S. 492 (1926) in 269 U.S. 492 269 U.S. 493–269 U.S. 498. Original Sources, accessed November 3, 2025, http://www.originalsources.com/Document.aspx?DocID=PYD2G7AZ9H7DSN2.
MLA:
U.S. Supreme Court. "Syllabus." Price v. United States, 269 U.S. 492 (1926), in 269 U.S. 492, pp. 269 U.S. 493–269 U.S. 498. Original Sources. 3 Nov. 2025. http://www.originalsources.com/Document.aspx?DocID=PYD2G7AZ9H7DSN2.
Harvard:
U.S. Supreme Court, 'Syllabus' in Price v. United States, 269 U.S. 492 (1926). cited in 1926, 269 U.S. 492, pp.269 U.S. 493–269 U.S. 498. Original Sources, retrieved 3 November 2025, from http://www.originalsources.com/Document.aspx?DocID=PYD2G7AZ9H7DSN2.
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