Prospect Coal Co. v. Commercial Credit Corp.
This text of 161 Misc. 780 (Prospect Coal Co. v. Commercial Credit Corp.) is published on Counsel Stack Legal Research, covering Appellate Terms of the Supreme Court of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
An assignment not otherwise shown invalid by a debtor to his judgment creditor of a credit in a bank account does not become invalid or subordinate to the claim of a prior judgment creditor who has merely served upon such bank a third-party order for examination in supplementary proceedings containing a restraining provision.
Order reversed, with ten dollars costs, and motion granted, with ten dollars costs.
All concur. Present — Lydon, Hammer and Franken-THALER, JJ.
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161 Misc. 780, 293 N.Y.S. 231, 1937 N.Y. Misc. LEXIS 1493, Counsel Stack Legal Research, https://law.counselstack.com/opinion/prospect-coal-co-v-commercial-credit-corp-nyappterm-1937.