Case ID: misc2d_11/html/0486-01.html
Source: Caselaw Access Project
Author: {"author": "\n      Per C'uHam.\n    ", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Nathaniel M. Minkoff, as Treasurer of Joint Board of Dress and Waistmakers’ Union of Greater New York, Appellant, v. Ben Lionell, Respondent, et al., Defendants.
    Supreme Court, Appellate Term, First Department,
    February 6, 1958.
    
      Gerard M. Weisberg for appellant,
    
      Abraham With and David E. Schwartz for respondent.
   Per C'uHam.

The evidence establishes that the defendant, an officer of the corporation, received payment from the insolvent corporation with knowledge of its insolvency. As such payment was prohibited by section 1-5 of the Stock Corporation Law, the plaintiff, a creditor of the corporation, could recover against the defendant even, though its claim was not reduced' to judgment at the time of the wrongful payment.

The judgment should be reversed and a new trial ordered, with $30 costs.

Hecht, J. P., Aurelio and Tilzer, JJ., concur.

Judgment reversed, etc.