Legal Opinion

In re People's Surety Co.

Appellate Division of the Supreme Court of the State of New York

Decided December 10, 1915Published

1Opinion of the Court

In the matter of the voluntary dissolution of the *1141People’s Surety Company of New York. No opinion. The obligation of the surety continued at least until the discharge of the bond in 1915, unless discharged in the course of the liquidation of the company. Meantime the surety was entitled to the annual premiums. The return of the collateral should be conditioned upon the payment of the premiums, the due amount whereof can be ascertained by the Special Term. Order (82 Misc. Rep. 518, 144 N. Y. Supp. 181) reversed without costs, and motion remitted to the Special Term for the purpose stated.

2Cases cited1 opinion

  1. In re People's Surety Co. of New York for Voluntary DissolutionNew York Supreme Court · 1913