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HECHTER v. NY LIFE INS. CO.

46 N.Y.2d 34 (1978)

Rochelle M. Hechter, Respondent, v. New York Life Insurance Company et al., Defendants, and Chemical Bank, New York, Appellant.

Court of Appeals of the State of New York.

Decided December 6, 1978.

Attorney(s) appearing for the Case

Jeffrey Silberfeld and Philip H. Weinberg for appellant.

Grant S. Lewis for respondent.

Chief Judge BREITEL and Judges JASEN, GABRIELLI, JONES and WACHTLER concur; Judge FUCHSBERG taking no part.

COOKE, J.

The concern on this appeal is whether an action by the payee of a check against a collecting bank for wrongfully collecting the instrument over a forged indorsement is timely if brought within six years of accrual.

Plaintiff Rochelle Hechter was named as payee on three checks issued in April, 1970. Two of these negotiable instruments were drawn by New York Life Insurance on Morgan Guaranty Trust...

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