Legal Opinion
In re the Liquidation of Lawyers Title & Guaranty Co.
New York Supreme Court
Decided September 14, 1937PublishedCited by 3 opinions
1Opinion of the CourtFrankenthaler, J.
The question presented in this proceeding is whether a participation certificate in the sum of $137,700 issued by the Lawyers Title and Guaranty Company to itself is subordinate to certificates held by others. The certificates issued by the company purport to assign an undivided share in a specific bond and1 mortgage “ equal and co-ordinate with all other shares assigned or retained by the Company.” The certificates do not contain the provision frequently found in other issues that the company may itself own or hold certificates with the same rights as other certificate holders. The…
2Cases cited7 opinions
- Schuylkill Fuel Corp. v. B. & C. Nieberg Realty Corp.New York Court of Appeals · 1929
- Matter of Title Mortgage Guaranty Co.New York Court of Appeals · 1937
- In re Lawyers Mortgage Co.New York Supreme Court · 1936
- Matter of Lawyers Mortgage CompanyNew York Court of Appeals · 1936
- In Re the Rehabilitation of New York Title & Mortgage Co.New York Court of Appeals · 1938
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- In re the Liquidation of Lawyers Title & Guaranty Co.New York Supreme Court · 1937
- In re the Liquidation of Lawyers Title & Guaranty Co.New York Supreme Court · 1937
- Land Title Bank & Trust Co. v. Robinson, Pennsylvania Court of Common Pleas, Philadelphia County1938