Legal Opinion
People v. Flour City Life Ass'n
New York Supreme Court
Decided April 12, 1895Published
Appeal from” special term, Monroe county. Action to dissolve the Flour City Life Association. Lydia E. Post and others filed claims against the association. From an order directing payment of the claims in question the receiver of said association appeals.
1Opinion of the CourtDwight, P. J.
The appellant was appointed at first temporary and afterwards permanent receiver of the defendant in an action for the dissolution of the corporation. He found among the assets of the association the sum of $2,435.13, belonging to the “mortuary fund in class B,” on deposit in the Central national Bank of Rochester. It had been deposited by the treasurer, in obedience to a by-law of the association, as follows:
“Eighty per cent, of the net assessments for mortuary purposes shall be deposited with such bank or trust company as may be designated by the directors, to the credit of the mortuary and…
2Cases cited3 opinions
- Brill v. . TuttleNew York Court of Appeals · 1880
- Lauer v. . DunnNew York Court of Appeals · 1889
- Lauer v. DunnNew York Supreme Court · 1889