Societa Principessa Iolanda Margherita Di Savoia (Fondata Dai Bonitesi), Inc. v. Broderick

The Banking Law [Cons. Laws, ch. 2] provides that the Superintendent of Banks, after taking possession of the business and assets of a delinquent banking corporation, shall notify all creditors to present their claims to him within four months from the date of such notice, at a specified time and place. (Banking Law, § 72.) “ He shall cause said notice to be mailed to all persons whose names appear as creditors upon the books of the corporation, banker or broker.” (Id.) He shall cause such notice to be inserted in such newspapers as he may direct for three consecutive months. (Id.) “After the…