In re Chemung Canal Trust Co.

Appellate Division of the Supreme Court of New York

In re Chemung Canal Trust Co.

241 A.D. 633

Appellate Division of the Supreme Court of the State of New York·Decided January 15, 1934·Published

Opinions

Order modified by providing that whenever the net income payable to the life beneficiary shall exceed $4,000 such excess shall be applied to or reserved for the payment of the principal of the mortgage, and as so modified affirmed, with disbursements of this appeal payable to all parties filing briefs, with leave to later apply for modification at the Special Term if conditions change. Hill, P. J., MeNamee, Crapser and Bliss, JJ., concur; Rhodes, J., dissents, with a memorandum.

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Order modified by providing that whenever the net income payable to the life beneficiary shall exceed $4,000 such excess shall be applied to or reserved for the payment of the principal of the mortgage, and as so modified affirmed, with disbursements of this appeal payable to all parties filing briefs, with leave to later apply for modification at the Special Term if conditions change. Hill, P. J., MeNamee, Crapser and Bliss, JJ., concur; Rhodes, J., dissents, with a memorandum.

In re Chemung Canal Trust Co., 241 A.D. 633 (N.Y. Ct. App. 1934).

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