L. HAND, Circuit Judge (after stating the facts as above).
The validity of the mortgage is a question dependent wholly upon the law of New York, of which the controlling provision is section 235 of the Lien Law (Consol. Laws, c. 33). This makes a chattel mortgage "invalid as against creditors of the mortgagor, * * * after the expiration of the first or any succeeding term of one year, * * * unless, * * * within thirty days next preceding the expiration of each such...
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