Legal Opinion
Ley v. Fred T. Ley & Co.
Appellate Division of the Supreme Court of the State of New York
Decided November 15, 1946Published
1Opinion of the CourtCohn, J.
In February, 1936, the defendant corporation commenced a proceeding nr the United States District Court for the Southern District of New York pursuant to section 77B of chapter 8 of the Acts of Congress relating to bankruptcy (U. S. Code of 1934, tit. 11, § 207). In the proceeding, a plan of reorganization was approved by the court on March 20, 1936. The plan provided for the issuance to some creditors of certain notes of defendant to be known as “ 5% Income Notes, Series A ” and “ 5% Income Notes, Series B.”
The plan of reorganization contains the following provision: “ They [the notes] shall…
2Cases cited8 opinions
- Mascioni v. I. B. Miller, Inc.New York Court of Appeals · 1933
- Lighton v. . City of SyracuseNew York Court of Appeals · 1907
- Lyman v. Northern Pac. Elevator Co.U.S. Circuit Court for the District of Minnesota · 1894
- Fidelity & Deposit Co. v. AndrewsMichigan Supreme Court · 1928
- Knudtsen v. RemmelAppellate Division of the Supreme Court of the State of New York · 1910
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