In re Westchester Title & Trust Co.

Motion by the State Superintendent of Insurance to be relieved from a stipulation, and to vacate an order entered thereon, denied. The stipulation, dated March 31, 1939, contained the Superintendent’s agreement that his interest, as liquidator of the guarantee company, in the assets of the trust estate, in the amount of $5,000, constituting his unsold portion, and repurchased and canceled certificates, should be subject and subordinate to the interest of the certificate holders. An order was entered, based on the stipulation, dated May 4,1939, adjudicating the priority of the interests of the…