Order affirmed, with costs.
The underlying event which gives rise to the instant action is plaintiff's payment of the sum of $52,036.34 to the State Bank of Long Island in accordance with the terms of a banker's blanket bond which indemnified the bank against loss sustained by reason of fraud and the making of false entries on its books by its employees. In consequence of its indemnification of the State Bank of Long Island, plaintiff became subrogated to all rights...
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