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MINTZ v. KARPE

9 Misc.2d 249 (1957)

Charlotte Mintz et al., Copartners Doing Business as Mint Factors, Appellants, v. Robert Karpe, Defendant, and Sol Klayminc, Respondent.

Supreme Court, Appellate Term, First Department.

November 14, 1957.

Attorney(s) appearing for the Case

Edward Collins for appellants.

Murray Rafsky for respondent.

HOFSTADTER, AURELIO and TILZER, JJ., concur.

Per Curiam.

The lending of money on the security of a chattel mortgage does not violate section 131 of the Banking Law (Antipyros Co. v. Samuel Breiter & Co., N. Y. L. J., June 24, 1957, p. 4, col. 7; Williams-Dexter Co. v. Dowland Realty Corp., 259 N.Y. 581; General Corporation Law, § 18; Wolf v. Aero Factors Corp., 126 F.Supp. 872, affd. 221 F.2d 291;

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