Jabbour v. Ocean Kings Corp.
This text of 21 Misc. 2d 225 (Jabbour v. Ocean Kings Corp.) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The motion for an order permitting the defendants to deposit three United States coupon bearer bonds in lieu of an undertaking is granted. Section 564 of the Civil Practice Act provides that: “ Where the appellant is required to give an undertaking, he may, in lieu thereof, deposit with the clerk * * * a sum of money equal to the amount for which the undertaking is required to be given. The deposit has the same effect as filing the undertaking ”.
However, section 157 of the Civil Practice Act provides: 1 ‘ Wherever this act or the rules authorize or require cash bail or security, unregistered bonds of the United States may be delivered to the proper officer or person in lieu of cash to the amount of the face value of the bonds.”
Submit order.
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Cite This Page — Counsel Stack
21 Misc. 2d 225, 196 N.Y.S.2d 196, 1959 N.Y. Misc. LEXIS 2387, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jabbour-v-ocean-kings-corp-nysupct-1959.