Legal Opinion

In re the General Assignment for the Benefit of Creditors of Industrial Laundry Machinery Co.

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

Decided April 8, 1957PublishedCited by 1 opinion

1Opinion of the Court

In a proceeding for an assignment for the benefit of creditors, the assignee appeals from an order authorizing and directing the 'United States Government to pay in full, from the funds it holds for the benefit of the assignor, the claim of a creditor who furnished labor and materials for certain machines made by the assignor for the Government. Order reversed, without costs, and motion denied, without costs, and without prejudice to any right respondent may have to claim a preference upon the judicial accounting of the assignee. Those who furnish labor and materials may have an equitable…

2Cases cited2 opinions

  1. United States v. Munsey Trust Co.Supreme Court of the United States · 1947
  2. Continental Casualty Co. v. Ben-Mil, Inc.Appellate Division of the Supreme Court of the State of New York · 1941

3Cited by1 opinion

  1. Ellis Chingos Construction Corp. v. Carlton Properties, Inc.New York Supreme Court · 1958

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