Conlin v. F. W. Kraft & Sons Co.

3 N.E.2d 611, 271 N.Y. 499, 1936 N.Y. LEXIS 1227

Opinion

Per Curiam.

The Special Term found that the defendant corporation, F. W. Kraft & Sons Company, having theretofore refused to pay its obhgation to the plaintiff when due, in effect transferred its property to its stockholders for less than the full value of the property; and that such transfer was made and intended to prevent the plaintiff from enforcing his right as a creditor against the property so transferred. These findings, we think, are in accord with the weight of the evidence.

The judgment of the Appellate Division should be reversed and that of the Special Term affirmed, with costs in this court and in the Appellate Division.

Crane, Ch. J., Lehman, O’Brien, Hubbs, Crouch, Loughran and Finch, JJ., concur.

Judgment accordingly.