Legal Opinion · Dissent
In re Lawyers Mortgage Co.
Appellate Division of the Supreme Court of the State of New York
Decided February 26, 1943Published
1Dissent
Dore, J. (dissenting).
The consent to reduce the interest rate was given in 1933 at the request of the Superintendent of Insurance in efforts to rehabilitate the company under the Schackno Act. (L. 1933, ch. 745.) Such efforts failed and the company went into liquidation. The original motion herein, requesting a modification of all plans then pending by eliminating the reduced interest rate, was made in September, 1935. The order of liquidation was not entered until November 17,1937. The court did modify other plans pending and undetermined and the other certificate holders have gained thereby.
2Cases cited9 opinions
- Herpe v. . HerpeNew York Court of Appeals · 1919
- In Matter of City of BuffaloNew York Court of Appeals · 1879
- Pink v. Title Guarantee & Trust Co.New York Court of Appeals · 1937
- Moscow Fire Insurance v. Bank of New York & Trust Co.New York Court of Appeals · 1939
- In Re the Liquidation of New York Title & Mortgage Co.New York Court of Appeals · 1938
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