In re Magnus
New York Court of Common Pleas
Appeal from special term. Petition by Charles Cottier and Jean G. C. Cottier, at special term, for an order to show cause why an order substituting Mary C. Stein-, heauser as assignee of Charles Magnus, in the place and stead of her husband, Henry W. Steinheauser, should not be vacated and set aside. The order was granted, and Mary C. Steinheauser removed from her position as assignee. ' She therefore appeals.
1Opinion of the CourtBookstaver, J.
On or about the 25th November, 1890, Charles Magnus made a general assignment for the benefit of his creditors to Henry W. Steinheauser, who duly accepted the trust, and the assignment was on the same day filed in the office of the clerk of the city and county of New York. Steinheauser duly filed his bond in the sum of $50,000, as fixed by the court, and entered upon the discharge of his duties as such assignee. Thereafter Magnus entered into a composition agreement with his creditors, or most of them, in and by which they agreed to receive and accept 65 per cent, on the dollar of their…
2Cases cited5 opinions
- Boone v. Citizens' Savings BankNew York Court of Appeals · 1881
- De Peyster v. FerrersNew York Court of Chancery · 1844
- Hart v. ColtrainNew York Supreme Court · 1840
- In re GroveNew York Supreme Court · 1873
- Steinhauser v. MasonNew York Court of Common Pleas · 1892