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MATTER OF YOKOHAMA SPECIE BANK, LTD.

200 Misc. 610 (1951)

In the Matter of the Liquidation of Yokohama Specie Bank, Ltd. Superintendent of Banks of the State of New York, Petitioner; Eugene T. Singer, Respondent.

Supreme Court, Special Term, New York County.

February 9, 1951.

Attorney(s) appearing for the Case

Edward Feldman for petitioner.

Albert R. Connelly, George S. Collins, George M. Billings and Jack W. Robbins for respondent.

Irving H. Saypol, United States Attorney for the Southern District of New York (James D. Hill, Myron C. Baum and Charles L. Kent of counsel), for J. Howard McGrath, Attorney General of the United States, as successor to the Alien Property Custodian.

BENVENGA, J.

This is an application by the Superintendent of Banks for an order authorizing the payment of certain funds to the Alien Property Custodian, and for other relief.

In December, 1941, the Superintendent of Banks, pursuant to section 606 of the Banking Law, took over the business and property of the New York Agency of the Yokohama Specie Bank, then a national of a designated enemy country. This...

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