Legal Opinion
In re Park-83rd Street Corp.
Court of Appeals for the Second Circuit
Decided December 6, 1937No. 136PublishedCited by 2 opinions
1Opinion of the Court
SWAN, Circuit Judge.
The debtor is the owner of premises at 983 Park avenue, New York City, subject to a large mortgage indebtedness. The bond and mortgage evidencing such indebtedness were acquired by the Prudence Company, and on December 1, 1932, were assigned by it to Prudence-Bonds Corporation. The latter assigned to Central Hanover Bank & Trust Company as depositary under a deposit agreement, and issued certificates of participation which were guaranteed by the Prudence Company and sold to investors. Such certificates “irrevocably authorized” Prudence Bonds Corporation “and/or” the…
2Cases cited3 opinions
- In Re Central Funding CorporationCourt of Appeals for the Second Circuit · 1935
- In Re Westover, Inc.Court of Appeals for the Second Circuit · 1936
- In re Brooklyn Trust Co.New York Supreme Court · 1936
3Cited by2 opinions
- Herbert V. Apartments Corp. v. Mortgage Guarantee Co.Court of Appeals for the Third Circuit · 1938
- In re Sponsor Realty Corp.District Court, S.D. New York · 1943