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CHASE LINCOLN FIRST BANK v. NEW YORK STATE ELEC. & GAS CORP.

182 A.D.2d 906 (1992)

Chase Lincoln First Bank, N. A., Plaintiff, v. New York State Electric & Gas Corporation, Defendant. (Action No. 1.) New York State Electric & Gas Corporation, Respondent, v. Anderson Tree Company, Inc., Defendant, and International Brotherhood of Electrical Workers Local No. 1249 Pension Fund et al., Appellants, and Chase Lincoln First Bank, N. A., Respondent. (Action No. 2.)

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

April 2, 1992

Yesawich Jr., J.

In 1986, Chase Lincoln First Bank, N. A. acquired a perfected security interest in, inter alia, accounts present or after-acquired, contract rights and general intangibles of Anderson Tree Company, Inc. Thereafter, Anderson Tree and New York State Electric & Gas Corporation (hereinafter NYSEG) entered into four contracts pursuant to which Anderson Tree agreed to maintain the vegetation around and near electric utility lines...

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