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MFRS. BK. OF EDGEWATER v. PAGE-MADDEN CO.

17 Misc.2d 209 (1959)

Manufacturers' Bank of Edgewater, Edgewater, New Jersey, by Charles R. Howell, Commissioner of Banking and Insurance of the State of New Jersey in Possession of the Assets of Manufacturers' Bank of Edgewater, Edgewater, New Jersey, Plaintiff, v. Page-Madden Company, Inc., Defendant.

Supreme Court, Special Term, Nassau County.

February 11, 1959.

Attorney(s) appearing for the Case

Manning, Hollinger & Shea for plaintiff.

Lawrence Meyer for defendant.

MARCUS G. CHRIST, J.

Motion by the plaintiff for summary judgment in (1) an action on a promissory note, and (2) an action to foreclose a chattel mortgage.

The Manufacturers' Bank of Edgewater, New Jersey, (hereinafter called the bank) received a promissory note on January 16, 1958. The defendant was the maker and the bank was the payee. The note provided for payment of $11,000 on February 16, 1958. It was not paid on its due date. When the Commissioner...

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