Randik Realty Corp. v. Moseyeff

Motion to vacate a third party order dated February 9,1933, directed to the Equitable Life Assurance Society. The order was granted upon an affidavit claiming that the insurance society had property of the judgment debtor (consisting of alleged rights to cash dividends) which should be applied toward payment of the judgment. Under the provisions of the policy the insured had the right to certain elections: (1) To receive these dividends in cash; (2) to have same applied toward payment of any premium due. The insured elected to apply same toward payment of premiums due. Section 55-a of the…