Williamson & Adams, Inc. v. State

On May 18,1933, Dave L. Benstock, Inc., was engaged in the construction of certain buildings for the State of New York at the Kings Park State Hospital under a contract dated December 22, 1931. On that day, for the purpose of securing and paying to its subcontractors and other creditors all sums due or to become due in completing this contract, the contractor assigned to Anthony Morrell and Peter Bratte, as trustees, under section 27 of the Lien Law, all moneys due and to become due to the contractor on monthly and final estimates and any retained percentages for labor performed and materials…