Case Name: The People of the State of New York, Plaintiff, v. The Metropolitan Surety Company, Defendant; In the Matter of A. Baldwin & Co., Ltd., Claimant, Appellant, v. John F. Yawger, as Receiver of The Metropolitan Surety Company, Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1912-03
Citations: 150 A.D. 885
Docket Number: 
Parties: The People of the State of New York, Plaintiff, v. The Metropolitan Surety Company, Defendant. In the Matter of A. Baldwin & Co., Ltd., Claimant, Appellant, v. John F. Yawger, as Receiver of The Metropolitan Surety Company, Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 150
Pages: 885–886

Head Matter:
Third Department,
March, 1912.
The People of the State of New York, Plaintiff, v. The Metropolitan Surety Company, Defendant. In the Matter of A. Baldwin & Co., Ltd., Claimant, Appellant, v. John F. Yawger, as Receiver of The Metropolitan Surety Company, Respondent.
Guaranty and suretyship — dissolution of surety company — rights of creditors —fixed liability on bond.
Appeal from an order entered in the Albany county clerk’s office on the 30th day of September, 1911, confirming the report of a referee.

Opinion:
Order affirmed, without costs, the court holding: First, that defendant's liability must first be determined in the manner prescribed by the United States statute; * second, that at the time of the insolvency of the defendant the claim of the plaintiff had not so far ripened as to entitle the plaintiff to any share in the distribution of its assets. All concurred, except Kellogg, J., dissenting in memorandum.