Gunsberg v. Takabi Corp.

In an action to set aside an alleged fraudulent conveyance of real property by the defendant Takabi Corp. to the defendant 36-25 Parsons Realty Corp., said defendants move for summary judgment dismissing the complaint, principally upon the ground that the plaintiff has failed to allege that said conveyance was made when the defendant Takabi Corp. was insolvent, or the said conveyance rendered said defendant insolvent, or left it with insufficient assets to pay its obligations as said obligations matured.

Were this action based upon sections 271 and 273 of the Debtor and Creditor Law, the…