In re Bluestone
Appellate Division of the Supreme Court of the State of New York
Appeal by the People’s National Bank of Brooklyn, New York, from an order of the County Court of Kings county, entered in the office of the clerk of said county on the 7th day of June, 1915.
1Opinion of the Court
Jenks, P. J.:
The bank appeals from an order of the County Court that it pay over to the general assignee for the benefit of creditors of the Grosser Company a deposit with the said bank to the credit of that company. The general assignment was executed on April 19, 1915. At that time this deposit was in the bank. The bank at that time held a promissory note of the said assignor, not due until May 17, 1915. The bank resisted the order upon the ground that it had the right to set off the amount of the said note against the said deposit. This is the sole question of this appeal.
Prior to April…
2Cases cited1 opinion
- Fera v. . WickhamNew York Court of Appeals · 1892
3Cited by1 opinion
- Federal Trust Co. v. ConklinNew Jersey Court of Chancery · 1916