In re Voluntary Dissolution of Benettsol Corp.

Appellate Division of the Supreme Court of New York

In re Voluntary Dissolution of Benettsol Corp.

264 A.D. 897, 35 N.Y.S.2d 820, 1942 N.Y. App. Div. LEXIS 5296

Appellate Division of the Supreme Court of the State of New York·Decided June 29, 1942·Published

Opinion

In a proceeding under section 106 of the Stock Corporation Law, order directing a hearing with respect to the matters alleged in the petition, and order directing the sale of certain real property, affirmed, with fifty dollars costs and disbursements. In addition to the findings upon which the last-mentioned order was made, this court finds that the mortgages were given without adequate consideration, for purposes of expediency, and without the intention that they should become valid liens upon the real estate. Lazansky, P. J., Hagarty, Carswell, Johnston and Adel, JJ., concur.

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In a proceeding under section 106 of the Stock Corporation Law, order directing a hearing with respect to the matters alleged in the petition, and order directing the sale of certain real property, affirmed, with fifty dollars costs and disbursements. In addition to the findings upon which the last-mentioned order was made, this court finds that the mortgages were given without adequate consideration, for purposes of expediency, and without the intention that they should become valid liens upon the real estate. Lazansky, P. J., Hagarty, Carswell, Johnston and Adel, JJ., concur.

In re Voluntary Dissolution of Benettsol Corp., 264 A.D. 897, 35 N.Y.S.2d 820, 1942 N.Y. App. Div. LEXIS 5296 (N.Y. Ct. App. 1942).

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