General Motors Acceptance Corp. v. Norstar Bank of Hudson Valley

Appeal from an amended judgment of the Supreme Court (Williams, J.), entered May 25, 1989 in Sullivan County, which granted petitioner’s application, in a proceeding pursuant to CPLR 5225 (b), to direct respondent Norstar Bank of Hudson Valley to turn over $21,292.36 plus interest to petitioner.

Respondent Allan Schuster owned all the stock in Lefty’s Char-Broil, Ltd. (hereinafter Lefty’s). Pursuant to a master agreement dated February 26, 1987, Schuster agreed to sell that stock to intervenor, Lefty’s Char-Broil of America, Inc. (hereinafter America). In this agreement, Schuster further…