In re People's Surety Co.

Appellate Division of the Supreme Court of New York

In re People's Surety Co.

156 N.Y.S. 1140

Appellate Division of the Supreme Court of the State of New York·Decided December 10, 1915·Published

Opinion

In the matter of the voluntary dissolution of the [1141] People’s Surety Company of New York. No opinion. The obligation of the surety continued at least until the discharge of the bond in 1915, unless discharged in the course of the liquidation of the company. Meantime the surety was entitled to the annual premiums. The return of the collateral should be conditioned upon the payment of the premiums, the due amount whereof can be ascertained by the Special Term. Order (82 Misc. Rep. 518, 144 N. Y. Supp. 181) reversed without costs, and motion remitted to the Special Term for the purpose stated.

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In the matter of the voluntary dissolution of the [1141] People’s Surety Company of New York. No opinion. The obligation of the surety continued at least until the discharge of the bond in 1915, unless discharged in the course of the liquidation of the company. Meantime the surety was entitled to the annual premiums. The return of the collateral should be conditioned upon the payment of the premiums, the due amount whereof can be ascertained by the Special Term. Order (82 Misc. Rep. 518, 144 N. Y. Supp. 181) reversed without costs, and motion remitted to the Special Term for the purpose stated.

In re People's Surety Co., 156 N.Y.S. 1140 (N.Y. Ct. App. 1915).

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Opinion

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