MacIntyre v. State Bank of Albany

Plaintiffs, assignees for the benefit of creditors of Conroy Gloves, Inc., formerly of Johnstown, New York, brought this action under section 15 of the Stock Corporation Law to recover a series of alleged preferential payments by Conroy to defendant. After trial at Fulton County Trial Term plaintiffs had judgment on a jury’s verdict, from which judgment this appeal is taken. Defendant bank extended to Conroy increasing lines of credit beginning in 1946 and running through 1948, the indebtedness being evidenced by debtor’s notes, both secured and unsecured. All of the loans were repaid in…