Beck v. Manufacturers Hanover Trust Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*3OPINION OF THE COURT
Murphy, P. J.
Plaintiffs are holders of defaulted bearer bonds from two series of such instruments issued in 1902 by the National Railway Company of Mexico, a Utah corporation. The first series of bonds, referred to in this litigation as the "Debt 17 Bonds”, was comprised of prior lien gold bonds due on October 1, 1926, and the second, referred to as the "Debt 18 Bonds”, of consolidated mortgage bonds due on October 1, 1951. Although both issues are secured by the same collateral, the principal and interest on the Debt 17 Bonds must be paid before satisfaction of the…
2Cases cited8 opinions
- Wood v. Guarantee Trust and Safe Deposit Co.Supreme Court of the United States · 1888
- Hazzard v. Chase National BankNew York Supreme Court · 1936
- Hazzard v. Chase N. Bk. C. of N.Y.New York Court of Appeals · 1940
- Hoopes v. CarotaNew York Court of Appeals · 1989
- Hoopes v. CarotaAppellate Division of the Supreme Court of the State of New York · 1988
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3Cited by31 opinions
- Bridgestone/firestone, Inc. v. Recovery Credit Services, Inc., Revenue Recovery, Inc. And George BeladinoCourt of Appeals for the Second Circuit · 1996
- Ellington Credit Fund, Ltd. v. Select Portfolio Servicing, Inc.District Court, S.D. New York · 2011
- Richbell Information Services, Inc. v. Jupiter Partners, L.P.Appellate Division of the Supreme Court of the State of New York · 2003
- LNC Investments, Inc. v. First Fidelity Bank, N.A. New JerseyCourt of Appeals for the Second Circuit · 1999
- LNC Investments, Inc. v. First Fidelity Bank, National Ass'nDistrict Court, S.D. New York · 1996
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