Case Name: Borden H. Mills, as Trustee in Bankruptcy of The Playthings Corporation, Bankrupt, Appellant, v. Frank A. McNamee, Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1920-11
Citations: 194 A.D. 932
Docket Number: 
Parties: Borden H. Mills, as Trustee in Bankruptcy of The Playthings Corporation, Bankrupt, Appellant, v. Frank A. McNamee, Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 194
Pages: 932–933

Head Matter:
Borden H. Mills, as Trustee in Bankruptcy of The Playthings Corporation, Bankrupt, Appellant, v. Frank A. McNamee, Respondent.
Corporations — unpaid stock subscriptions — action by trustee in bankruptcy to collect —■ failure to pay ten per cent of par value at time of purchase as defense.
Appeal from an order of the Supreme Court, made at the Albany Special Term and entered in the Albany county clerk’s office on the 27th day of May, 1920, which sustained a demurrer interposed to the complaint.
Order affirmed, with ten dollars costs and disbursements, with the usual leave to plead over on payment of costs.

Opinion:
All concur, except Kiley, J., dissenting, with a memorandum, in which John M. Kellogg, P. J., concurs.