Matter of People (Second Russian Ins. Co.)

Cardozo, Ch. J.

Appellant levied an attachment upon the surplus or reversionary interest of the Second Russian Insurance Company in assets deposited in this State as security for local debts.

The domestic business having been liquidated and the local debts discharged, the surplus in the possession of the liquidator must be paid to the attaching creditor, upon proof of his claim, to the extent of the attachment lien, j

The rule in that regard was settled by a recent decision (Matter of People [First Russian Ins. Co.], 253 N. Y. 365), and is not questioned by either party. The dispute is solely as…