Gilligan v. Briar Hill Lanes, Inc.

—In an action to recover the surplus from the liquidation of corporate stock pledged as collateral and a related action for, inter alia, an accounting, the defendant in Action No. 2 appeals, as limited by his brief, from so much of a judgment of the Supreme Court, Westchester County (Wood, J.H.O.), entered January 6, 1997, as, after a nonjury trial, is in favor of the plaintiff and against him in the principal sum of $38,400.

Ordered that the judgment is affirmed insofar as appealed from, with costs.

Contrary to the appellant’s contention, the trial court properly concluded that UCC 9-505 (2)…