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STATE BANK OF PEARL RIVER v. HUDSON ENG'G & TOOL CO., INC.

280 A.D. 805 (1952)

State Bank of Pearl River, Respondent, v. Hudson Engineering and Tool Co., Inc., Defendant, and Mario R. La Barbera, as Statutory Receiver, Intervener, Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

June 9, 1952.

Inasmuch as no application for a domestic receiver has been made pursuant to section 977-b of the Civil Practice Act and that statute is not invoked by respondent, it is not to be considered in the determination of the present motion. Irrespective of that statute, the policy of this State (Clark v. Williard, 292 U.S. 112, 294 U.S. 211) is to surrender assets of a liquidated foreign corporation to a statutory...

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