Case Name: Walter S. Klee, etc., Respondent, v. Crossways Apartments Corporation and Others, Defendants, and Cornaga Avenue Holding Corporation, Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1929-12
Citations: 228 A.D. 668
Docket Number: 
Parties: Walter S. Klee, etc., Respondent, v. Crossways Apartments Corporation and Others, Defendants, and Cornaga Avenue Holding Corporation, Appellant
Judges: 
Reporter: Appellate Division Reports
Volume: 228
Pages: 668–669

Head Matter:
Walter S. Klee, etc., Respondent, v. Crossways Apartments Corporation and Others, Defendants, and Cornaga Avenue Holding Corporation, Appellant

Opinion:
Order affirmed, with ten dollars costs and disbursements. The appellant being a corporation, section 150 of the General Corporation Law* the appointappointof a receiver where the income of the property is specifically mortgaged, and this is so without regard to whether or not the property itself is sufficient to pay the mortgage debt. The consent in the mortgage that an application for the appointment of a receiver might be made without notice must be given effect under section 975 of the Civil Practice Act. Lazansky, P. J., Young, Hagarty, Carswell and Scudder, JJ., concur.