ASPEN IND v. MARINE MIDLAND


74 A.D.2d 59 (1980)

Aspen Industries, Inc., Appellant, v. Marine Midland Bank, Respondent

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

April 8, 1980


Attorney(s) appearing for the Case

Costello, Cooney & Fearon (Vincent A. O'Neil of counsel), for appellant.

Harter, Secrest & Emery (Donald S. Mazzullo of counsel), for respondent.

SIMONS and MOULE, JJ., concur with CALLAHAN, J.; CARDAMONE, J. P., and DOERR, J., dissent and vote to affirm in an opinion by CARDAMONE, J. P.


CALLAHAN, J.

Appellant-petitioner Aspen Industries, Inc. (Aspen) instituted this proceeding against Marine Midland Bank (Bank) pursuant to the provisions of CPLR 5227, seeking to collect on funds of a judgment debtor on deposit with the Bank. On October 11, 1978, Aspen had served upon the Bank a restraining notice to garnishee pursuant to CPLR 5222. Notwithstanding receipt of the restraining notice, the Bank allowed...

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