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Kiersted v. Lopiccolo

Appellate Division of the Supreme Court of New York, Second Department
May 1, 1934
241 App. Div. 881 (N.Y. App. Div. 1934)

Opinion

May, 1934.


Order denying motion for summary judgment reversed on the law and the facts, with ten dollars costs and disbursements, and motion granted. Order substituting the Globe Bank and Trust Company as a party defendant in the place and stead of the Manufacturers Trust Company reversed on the law and the facts, without costs, and motion denied. The respondent presents no defense to this action of foreclosure. It has brought in, as a defendant, and on its motion but not on the motion of the party brought in, the Globe Bank and Trust Company, now in liquidation under the control of the Superintendent of Banks, and the claim of the Globe Bank and Trust Company, not here as a party on this appeal, is that plaintiff is but a dummy for a bankrupt, Streep, of whom said Globe Bank and Trust Company is a general creditor. We are of opinion that in this action the Globe Bank and Trust Company may not litigate its claim as a general creditor of the bankrupt whereby plaintiff's right to a judgment of foreclosure and sale is sought to be defeated or postponed. We do not determine at this time whether the Globe Bank and Trust Company has any remedy affecting the proceeds of the sale. Kapper, Carswell, Scudder and Tompkins, JJ., concur; Lazansky, P.J., not voting.


Summaries of

Kiersted v. Lopiccolo

Appellate Division of the Supreme Court of New York, Second Department
May 1, 1934
241 App. Div. 881 (N.Y. App. Div. 1934)
Case details for

Kiersted v. Lopiccolo

Case Details

Full title:MAUDE KIERSTED, Appellant, v. STEFANO LOPICCOLO and Others, Defendants…

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

Date published: May 1, 1934

Citations

241 App. Div. 881 (N.Y. App. Div. 1934)