In re Mortgage Commission

The liquidating dividend constituted part of the trust estate. The amended plan of reorganization and the declaration of trust are not substantially different from those under whose terms a similar dividend was declared to constitute trust property in Matter of People (Lawyers Westchester M. & T. Co) (288 N. Y. 40). The lien for “ expenses ” granted by section 24 of the Mortgage Commission Act (L. 1935, eh. 19, as amd.) extended, however, only to the “ property, bond or mortgage, or group thereof ”, as to which such expenses were incurred, and to “ the proceeds thereof.” As used in section 24…