Legal Opinion
In re the Judicial Settlement of the Intermediate Account of Proceedings of Starbuck
New York Surrogate's Court
Decided April 27, 1927PublishedCited by 2 opinions
1Opinion of the Court
Slater, S.
The estate is large in amount of assets, as well as in debts, is insolvent, and the distribution will be to creditors in a pro rata amount. The main question arises regarding the disposition of twenty-six shares of the capital stock of the Empire Trust Company of the present value of about $386 per share, or a sum total of $10,036. The facts have been stipulated. The decedent died May 29, 1925. The Empire Trust Company is a creditor to the extent of $78,000 because of several notes, thé most made prior to the acquisition of his largest purchase of stock. Pursuant to section 66 of…
2Cases cited8 opinions
- Bank of Attica v. . Manufacturers' and Traders' BankNew York Court of Appeals · 1859
- Miller v. Farmers Milling & Elevator Co.Nebraska Supreme Court · 1907
- Reynolds v. Bank of Mt. VernonAppellate Division of the Supreme Court of the State of New York · 1896
- Strahmann v. Yorkville BankAppellate Division of the Supreme Court of the State of New York · 1911
- Union Bank v. United States Exchange BankAppellate Division of the Supreme Court of the State of New York · 1911
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3Cited by2 opinions
- Vogel v. MelishAppellate Court of Illinois · 1964
- In re the Judicial Settlement of the Intermediate Account of Proceedings of StarbuckAppellate Division of the Supreme Court of the State of New York · 1928