Pink v. Investors Syndicate Title & Guaranty Co.

This controversy arises out of an agreed and submitted statement of facts and involves a question of statutory construction.

The question for determination is: May defendant continue to sell in this State its trusteed participation certificate, designated in the record as “ Exhibit D,” notwithstanding the provisions of chapter 920 of the Laws of 1935?

Defendant is a domestic corporation, organized under article 5 of the Insurance Law (§ 170 et seq.) on April 23, 1928, under the name of Commercial Title and Guaranty Company, which name was later and on June 10, 1930, changed to that which it now…