Phillips v. United States Fidelity & Guaranty Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, United States Fidelity and Guaranty Company, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Albany on the 13th day of July, 1921, upon the decision of an official referee appointed to hear and determine the issues.
1Opinion of the Court
H. T. Kellogg, J.:
The plaintiff, acting as liquidator of the affairs of the New York National Insurance Company, brought this action to recover the amount named in a depository bond issued to that company by the defendant the United States Fidelity and Guaranty Company. The bond was executed on the 2d day of June, 1919. The defendant thereby undertook to. indemnify the New York National Insurance Company for any loss of its deposits in the North Penn Bank of Philadelphia, Penn., not exceeding $50,000, which might be sustained by it during the course of one year through the insolvency of the…
2Cases cited6 opinions
- Holden v. . New York and Erie BankNew York Court of Appeals · 1878
- Howe Machine Company v. . FarringtonNew York Court of Appeals · 1880
- The President, Etc. v. . CornenNew York Court of Appeals · 1867
- Rocket River Development Co. v. German American Brewing Co.Appellate Division of the Supreme Court of the State of New York · 1920
- The Black River Bank v. . PageNew York Court of Appeals · 1871
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3Cited by11 opinions
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- New York Mortgage Co. v. GarfinkleAppellate Division of the Supreme Court of the State of New York · 1931
- General Crushed Stone Co. v. StateNew York Supreme Court · 1963
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