Opinion · New York Court of Appeals

Matter of People

270 N.Y. 629

Type
Opinion
Court
New York Court of Appeals
Jurisdiction
New York
Date
1936-03-20
Topic
general

Order affirmed, without costs. We express no opinion upon the question as to whether the participation certificates constituted legal investments for trustees or whether they constituted shares or parts of mortgages. Concur: Crane, Ch. J., Lehman, O’Brien, Hubbs, Crouch, Loughran and Finch, JJ.

Citator

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Cited by
1 opinion
MATTER OF PEOPLE,270 N.Y. 629(1936)
In the Matter of the Application of THE PEOPLE OF THE STATE OF NEW YORK, by
GEORGE S. VAN SCHAICK, as Superintendent of Insurance, for an Order to Take
Possession of the Property of the Title and Mortgage Guarantee Company of
Buffalo.
FRANK T. HINES, as Administrator of Veterans' Affairs, et al., Appellants;
BUFFALO SERIES D CORPORATION et al., Respondents.
Court of Appeals of the State of New York.
Argued March 5, 1936
Decided March 20, 1936
Appeal from the Supreme Court, Appellate Division, Fourth Department.Page 630
A.S. ThomsonandJohn H. Dominickfor appellants.David L. Landy, S. Fay CarrandWilliam L. Marcy, Jr.,for Buffalo Series D Corporation, respondent.Thomas R. WheelerandLouis L. Babcockfor The Marine Trust Company of Buffalo, respondent.
Order affirmed, without costs. We express no opinion upon the question as to whether the participation certificates constituted legal investments for trustees or whether they constituted shares or parts of mortgages.

Concur: CRANE, Ch. J., LEHMAN, O'BRIEN, HUBBS, CROUCH, LOUGHRAN and FINCH, JJ.Page 631