Cohen v. First National City Bank
Civil Court of the City of New York
1Opinion of the CourtArnold L. Fein, J.
On or about August 16, 1963, petitioner, judgment creditor of one Florence Sutton for $724.26, caused *142respondent bank to be served with a third-party subpoena and restraining order (Civ. Prac. Act, § 781). The bank responded that it was holding 32 shares of AT&T stock owned by the debtor as collateral security on a $5,830.56 loan made September 17, 1962, repayable in 36 monthly installments.
On or about April 27, 1965, $1,692 being due on said loan, at the judgment debtor’s request respondent extended payment of the balance for an additional 36 months. Following its usual procedure, the bank…
2Cases cited16 opinions
- Jagger Iron Co. v. . WalkerNew York Court of Appeals · 1879
- Gregory v. ThomasNew York Supreme Court · 1838
- Hill v. . BeebeNew York Court of Appeals · 1856
- Atlas Advertising Agency, Inc. v. Casa Cubana, Inc.Appellate Division of the Supreme Court of the State of New York · 1940
- Bank of United States v. Chemical Bank & Trust Co.New York Supreme Court · 1930
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