In re Rosom Utilities, Inc.

This appeal presents the question of the validity of a purchase money chattel mortgage covering certain merchandise (7 radios, 2 refrigerators and 1 heater) which came into the possession of the trustee in bankruptcy of Rosom Utilities, Inc. Prior to the institution of bankruptcy proceedings, there had been a default under the mortgage, and pursuant to its terms the mortgagee was'entitled to immediate possession of the chattels, if the mortgage was valid. The trustee contended that it was invalid because section 230-a of the Lien Law of New York, Consol.Laws, c. 33, had not been complied…