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CHEM. BANK v. STATE OF N. Y.

55 Misc.2d 425 (1967)

Chemical Bank New York Trust Company, Claimant, v. State of New York, Defendant. (Claim No. 43916.)

Court of Claims.

December 8, 1967

Attorney(s) appearing for the Case

William I. Rodier, Jr., and Frank J. Cahill for claimant. Louis J. Lefkowitz, Attorney-General (Dace Epermanis of counsel), for defendant.

CAROLINE K. SIMON, J.

On January 23, 1964 claimant loaned $2,500 to 575 Mediterranee Ltd., a New York corporation, to be used as a deposit in conjunction with its application to the New York State Liquor Authority for a restaurant liquor license and retail credit permit. As evidence of, and security for the loan, 575 Mediterranee Ltd. executed and delivered, by its president and sole stockholder, a promissory note and written assignment

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