From Casetext: Smarter Legal Research

Gilmartin v. Osborne Trust Company

Appellate Division of the Supreme Court of New York, Second Department
Nov 22, 1943
266 App. Div. 1022 (N.Y. App. Div. 1943)

Opinion

November 22, 1943.

Present — Carswell, Johnston, Adel, Taylor and Lewis, JJ. [ 180 Misc. 563.]


In an action to recover the sum of $2,450 deposited by the decedent with the defendant bank, defendant appeals from an order which partially granted plaintiffs' motion for summary judgment, and from the judgment entered thereon; while plaintiffs cross appeal from so much of the order as denied their motion for summary judgment in connection with an item of $800 of their claim. Order of the County Court of Suffolk County modified on the law and the facts so as to provide that plaintiffs' motion for summary judgment be granted in its entirety and that plaintiffs have judgment as prayed for in the complaint. As thus modified, the order and judgment are unanimously affirmed, with ten dollars costs and disbursements to respondents-appellants. The answering affidavit sets forth no facts showing that the decedent was insolvent or had perpetrated a fraud in connection with the $800 note that did not become due until a date subsequent to his death. The bank had no right to offset an unmatured debt against the sum due to the decedent as a depositor. ( Gerseta Corp. v. Equitable Trust Co., 241 N.Y. 418, 423.)


Summaries of

Gilmartin v. Osborne Trust Company

Appellate Division of the Supreme Court of New York, Second Department
Nov 22, 1943
266 App. Div. 1022 (N.Y. App. Div. 1943)
Case details for

Gilmartin v. Osborne Trust Company

Case Details

Full title:AGNES S. GILMARTIN et al., as Executors of THOMAS D. GILMARTIN, Deceased…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Nov 22, 1943

Citations

266 App. Div. 1022 (N.Y. App. Div. 1943)

Citing Cases

Bandy v. First State Bank, Overton

The burden is apparently normally placed on the financial institution claiming the insolvency exception. See,…