Legal Opinion

In Re the Accounting of Gruner

New York Court of Appeals

Decided July 23, 1946PublishedCited by 37 opinions

1Opinion of the CourtConway, J.

There is presented to us the question, among others, of the extent to which an equitable lien may be imposed upon a New York Stock Exchange seat and the remedy available for its enforcement by the assignee.

One Otto Harry Gruner on May 6, 1929, made an assignment to the New York Trust Company (hereinafter referred to as trust company) as security for a loamof $212,000, of all his right, title and interest in and to his membership and seat upon the New York Stock Exchange (hereinafter referred to as the exchange) in words which were in part as follows: “ Said Otto H. Gruner hereby transfers,…

2Cases cited32 opinions

  1. Benedict v. RatnerSupreme Court of the United States · 1925
  2. Bramwell v. United States Fidelity & Guaranty Co.Supreme Court of the United States · 1925
  3. United States v. Waddill, Holland & Flinn, Inc.Supreme Court of the United States · 1945
  4. New York v. MacLaySupreme Court of the United States · 1933
  5. Marshall v. New YorkSupreme Court of the United States · 1920

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3Cited by37 opinions

  1. Sillman v. Twentieth Century-Fox Film Corp.New York Court of Appeals · 1957
  2. United States v. General Douglas MacArthur Senior Village, Inc., D.C.R. Holding Corp.Court of Appeals for the Second Circuit · 1974
  3. In Re the General Assignment for the Benefit of Creditors of Pavone Textile Corp.New York Court of Appeals · 1951
  4. In re LacailleNew York Supreme Court · 1964
  5. Comerica Bank-Ann Arbor, N.A. v. Sutherland (In Re Duke Roofing Co.)District Court, E.D. Michigan · 1985

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