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MATTER OF PASCO SALES CO.

77 Misc.2d 724 (1974)

In the Matter of the General Assignment for the Benefit of Creditors of Pasco Sales Co., Inc., Assignor. New York Creditmen's Adjusjment Bureau, Inc., Assignee.

Supreme Court, Special Term, Queens County.

April 8, 1974

Attorney(s) appearing for the Case

Sunshine & Sunshine, P. C., for assignee. Dalton & Henoch for Hempstead Bank.

DANIEL E. FITZPATRICK, J.

This is an application to direct the assignee for the benefit of creditors of Pasco Sales Co., Inc. to turn over and deliver to petitioner, Hempstead Bank (hereinafter Bank), the sum of $11,186.62. This sum represents the extent of the Bank's security interest in the assignor's inventory.

On February 26, 1970 the Bank entered into an inventory loan agreement with Pacific Supply...

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