Legal Opinion
In re People
New York Supreme Court
Decided July 27, 1934PublishedCited by 3 opinions
1Opinion of the CourtHinkley, J.
On August 14, 1933, the Superintendent of Insurance was, by order of this court, directed to rehabilitate the above-named corporation in accordance with article XI of the Insurance Law.
The company had deposited with the Marine Trust Company of Buffalo prior to the order of rehabilitation certain bonds and mortgages and issued against the same certain certificates of mortgage indebtedness in series. The title company became the “ primary debtor, assigning the mortgages only as collateral security for the debt.” (Matter of People [Title & Mortgage Guarantee Co.], 264 N. Y. 69, 88.) Upon the…
2Cases cited4 opinions
- James v. Alderton Dock Yards, Ltd.New York Court of Appeals · 1931
- Matter of People (Tit. Mtge. Guar. Co.)New York Court of Appeals · 1934
- The Erie Railway Company v. . RamseyNew York Court of Appeals · 1871
- In re the PeopleAppellate Division of the Supreme Court of the State of New York · 1914
3Cited by3 opinions
- In re Allcity InsuranceAppellate Division of the Supreme Court of the State of New York · 1979
- In re The PeopleNew York Supreme Court · 1935
- Williams v. John Hancock Mutual Life InsuranceNew York Supreme Court · 1935