Legal Opinion

Baumann v. Citizens Trust Co.

Appellate Division of the Supreme Court of the State of New York

Decided September 30, 1936Published

1Opinion of the Court

Motion in behalf of the respective plaintiffs for reargument. [See ante, p. 9.] The plaintiffs point out numerous instances wherein they assert that the court misapprehended the facts and the law. We confine our discussion to only one of the reasons advanced for the requested reargument. Upon the appeal the brief in behalf of the copartnership of Mangan & Mangan suggested that in case of the payment of the depositors in full and a surplus remaining for distribution the contributing *841stockholders should have priority in such fund over non-contributing stockholders, and this court adopted that…

2Cases cited1 opinion

  1. Broderick v. BevilacquaAppellate Division of the Supreme Court of the State of New York · 1936

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