Delaware & Hudson Co. v. Mechanicville & Fort Edward Railroad
New York Court of Appeals
The plaintiff is not a creditor of the Mechanicville and Fort Edward Railroad Company. (Greenleaf v. B.,F. & C. I. Ry. Co., 141 N. Y. 395; Archibald v. N. Y. C. & H. R. R. R. Co., 157 N. Y. 574; Homestead Co. v. Valley R. R., 17 Wall. 153; National Bank of Ballston Spa v. Bd. of Supervisors, 106 N. Y. 488; Koehler v. Hughes, 4 Mise.
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The plaintiff is not a creditor of the Mechanicville and Fort Edward Railroad Company. (Greenleaf v. B.,F. & C. I. Ry. Co., 141 N. Y. 395; Archibald v. N. Y. C. & H. R. R. R. Co., 157 N. Y. 574; Homestead Co. v. Valley R. R., 17 Wall. 153; National Bank of Ballston Spa v. Bd. of Supervisors, 106 N. Y. 488; Koehler v. Hughes, 4 Mise. Rep. 236; 73 Hun, 167; 148 N. Y. 507; City of Albany v. McNamara, 117 N. Y. 168; Title Guaranty & Trust Co. v. Haven, 196 N. Y. 487.) The plaintiff’s claim for moneys advanced to the Mechanic-ville and Fort Edward Railroad Company is both stale and barred by the…
1Opinion of the CourtLehman, J.
In an action brought pursuant to the provisions of section 71 of the General Corporation Law (Cons. Laws, ch. 23) by Delaware and Hudson Company, claiming to be a stockholder or creditor of Mechanicville and Fort Edward Railroad Company, to obtain a judgment dissolving that corporation and appointing a permanent receiver of its property, Boston and Maine Railroad, though not a necessary party to the action, has been permitted to appear in the action “ with all such rights and privileges as can be granted to any party to a litigation in a court of record.” The circumstances which dictated the…
2Cases cited2 opinions
- Matter of B., W. and N. Railway Co.New York Court of Appeals · 1878
- Boston & Maine Railroad v. Delaware & Hudson Co.New York Court of Appeals · 1935
3Cited by5 opinions
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- Walden Home Builders, Inc. v. SchmitAppellate Court of Illinois · 1945
- Wilner Friends Credit Ass'n v. ScheffresCity of New York Municipal Court · 1941