MATTER OF INT. RIBBON MILLS (ARJAN RIBBONS)


36 N.Y.2d 121 (1975)

In the Matter of the General Assignment for the Benefit of Creditors of International Ribbon Mills, Ltd., Assignor, to Maxwell Sturtz, Respondent. Arjan Ribbons, Inc., Appellant.

Court of Appeals of the State of New York.

Decided February 19, 1975.


Attorney(s) appearing for the Case

L. Michael Rudolph for appellant.

Robert P. Herzog and Joseph A. Barbosa for respondent.

Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and COOKE concur.


Chief Judge BREITEL.

In a special turnover proceeding, under CPLR 5225 (subd. [b]), against the judgment debtor's assignee for the benefit of creditors, the judgment creditor appeals. The property involved were proceeds of the debtor's accounts receivable, first collected by the debtor's lawyer, and now held by the assignee. The Appellate Division had reversed an order of Special Term allowing the turnover and...

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