Case Name: 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
Court: New York Supreme Court, Appellate Term
Jurisdiction: New York
Decision Date: 1958-02-06
Citations: 11 Misc. 2d 486
Docket Number: 
Parties: 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.
Judges: 
Reporter: New York Miscellaneous Reports
Volume: 11
Pages: 486–487

Head Matter:
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.

Opinion:
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.