James Gray, Inc. v. Your Magazine Publishers, Inc.

La Fetra, Ch. J.

This is a motion by Neo-Gravure Printing Co., Inc., claimant to a special account on deposit with the Manufacturers Trust Company, third party, to permit the said third party and the debtor to pay to it all moneys represented by said account, pursuant to a written assignment executed and delivered by the debtor to the claimant on or about August 11,1933.

Pursuant to the terms of the contract, the debtor was obligated to collect the accounts and to hold them in trust for the claimant. The creditor obtained a third party order with the usual restraining clause and served the same…