Legal Opinion

In re Plan by Mortgage Commission

Appellate Division of the Supreme Court of the State of New York

Decided June 30, 1947Published

1Opinion of the Court

The Superintendent of Insurance appeals from an order insofar as it provides that the Superintendent of Insurance, as *944liquidator of Lawyers Mortgage Company, as the holder of' a share or equity of $35,000 in the bond and mortgage affected by these proceedings, is not entitled to receive any payments thereon unless and until public certificate holders, including said Superintendent of Insurance, as holder of Certificate No. 72, have fully received interest due or to become due on their certificates at the rate of 5%% per annum, except for the period June 1, 1935, to June 1, 1937, and insofar…

2Cases cited2 opinions

  1. Matter of People (Union Guar. Mtg. Co.)New York Court of Appeals · 1941
  2. In re Lawyers Mortgage Co.Appellate Division of the Supreme Court of the State of New York · 1943

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