Legal Opinion

Manufacturers & Traders Trust Co. v. Sapowitch

New York Court of Appeals

Decided February 27, 1947PublishedCited by 38 opinions

1Opinion of the CourtThacher, J.

This action wop brought by Manufacturers and Traders Trust Company of- Buffalo to foreclose a lien on six $1,000 negotiable bonds of the Narragansett Electric Company and twenty negotiable bonds of the same denomination of the City of Havre de Grace, Maryland, received by the trust company from George Shuman as collateral security for loans aggregating $22,600. Shuman was not a holder in due course of the'Narragansett bonds, which were in fact stolen from the firm of Drys-dale & Company, nor of the Havre de Grace bonds, which were stolen from the firm of Dominick & Dominick.

Pursuant to…

2Cases cited19 opinions

  1. Canajoharie National Bank v. DiefendorfNew York Court of Appeals · 1890
  2. Knox v. Eden Musee Americain Co.New York Court of Appeals · 1896
  3. Cheever v. Pittsburgh, Shenango & Lake Erie RailroadNew York Court of Appeals · 1896
  4. Chapman v. . RoseNew York Court of Appeals · 1874
  5. Joy v. . DiefendorfNew York Court of Appeals · 1891

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3Cited by38 opinions

  1. Century Pacific, Inc. v. Hilton Hotels Corp.District Court, S.D. New York · 2007
  2. Securities & Exchange Commission v. Lehman Brothers, Inc.Court of Appeals for the First Circuit · 1998
  3. Hall v. Bank of BlasdellNew York Court of Appeals · 1954
  4. US Bank National Ass'n v. SarmientoAppellate Division of the Supreme Court of the State of New York · 2014
  5. Corporacion Venezolana De Fomento v. Vintero Sales Corp.District Court, S.D. New York · 1978

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