Emigrant Industrial Savings Bank v. Scott's Bridge Realty Co.

Order denying motion to direct payment of balance of deposit to the receiver reversed on the law, with ten dollars costs and disbursements, and motion granted, with ten dollars costs. The moneys on deposit with the trust company were deposited in that trust company pursuant to an order of the court appointing a receiver. The trust company was specifically mentioned as a depositary. The trust company, therefore, had notice of the nature of the deposit of the moneys. In our opinion, moneys deposited by a receiver of rents and profits in a foreclosure action in a bank, pursuant to direction that…