O'Brien v. East River Bridge Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiffs, Miles M. O’Brien and James G. Cannon, 'as receivers of the Madison Square Bank, from a judgment of the Supreme' Court in favor of the defendant, entered in the office of the clel’k-of the county of New York on the 1st day of June, 1898, upon the report of a referee dismissing the complaint upon the merits.
1Opinion of the Court
Patterson, J.:
This- action was brought by the receivers of the Madison. Square Bank to recover from the defendant a sum of money to which they claimed they- were entitled under the provisions of section 48 of the Stock Corporation Law (Laws of 1890, chap. 564, as .amended by •Laws of 1892, chap. 688), which reads as follows : “No corporation which shall have refused to pay any of its notes or other -obligations when due in lawful money of the United States, nor any of its officers or directors, shall transfer any of its property to any of its officers, ■ directors or stockholders, directly or…
2Cases cited2 opinions
- Hirshfeld v. BoppAppellate Division of the Supreme Court of the State of New York · 1898
- Throop v. Hatch Lithographic Co.New York Supreme Court · 1890
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- Lodi Chemical Co. v. National Lead Co.Appellate Division of the Supreme Court of the State of New York · 1899
- Caesar v. BernardAppellate Terms of the Supreme Court of New York · 1913
- Caesar v. BernardAppellate Division of the Supreme Court of the State of New York · 1913