Legal Opinion
In re Lough
Court of Appeals for the Second Circuit
Decided November 14, 1910No. 67Published
Appeal from the District Court of the United States for the Southern District of New York. In the matter of Ernest St. George Dough and Robert W. Burrows, individually and as partners as G. E. Lough & Co., bankrupts. From an order disallowing the claims of Helen M. Lough and others as :reditors, they appeal.
1Opinion of the Court
WARD, Circuit Judge.
In the year 1884 George F. Lough made his will, article 4 of which was as follows:
“As the withdrawal of the capital I may have in the business conducted by me and my son, Ernest St. George Lough, at the city of New York since October, 1884, under the firm name of G. F. Lough & Co., would, or might be of great inconvenience to said business, I desire and direct that the capital belonging to me in said business at my death shall be permitted by my executors to remain in it as a loan to my said son for a period of five years unless at his option sooner paid oil or reduced, he…
2Cases cited2 opinions
- Thomas Adams & Co. v. AlbertNew York Court of Appeals · 1898
- In re the General Assignment of TalmageAppellate Division of the Supreme Court of the State of New York · 1899