Case Name: Benjamin Stolz, as Trustee in Bankruptcy of Glens Falls Jobbing House, Inc., a Bankrupt, Appellant, v. William I. Ginsburg and Others, Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1926-05
Citations: 217 A.D. 701
Docket Number: 
Parties: Benjamin Stolz, as Trustee in Bankruptcy of Glens Falls Jobbing House, Inc., a Bankrupt, Appellant, v. William I. Ginsburg and Others, Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 217
Pages: 701–701

Head Matter:
Third Department,
May, 1926.
Benjamin Stolz, as Trustee in Bankruptcy of Glens Falls Jobbing House, Inc., a Bankrupt, Appellant, v. William I. Ginsburg and Others, Respondents.

Opinion:
Per Curiam.
This action cannot be maintained by the plaintiff under section 59 of the Stock Corporation Law (See Billings v. Trask, 30 Hun, 314); nor under section 47 of the Bankruptcy Act, as amended in 1910, because that section, as amended, relates only to the property of the corporation. Plaintiff claims the complaint may be sustained under section 91-a of the General Corporation Law. There is not in the complaint, however, any allegation of negligence nor, stripped of legal conclusions, any allegation showing injury to or losses of the funds or property of the corporation, which allegations are necessary under that section. Judgment and order unanimously affirmed, with costs.