Case Name: Edward M. Zachary, as Trustee of Donald S. Potter, Bankrupt, Appellant, v. Columbia University, Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1980-07-10
Citations: 77 A.D.2d 813
Docket Number: 
Parties: Edward M. Zachary, as Trustee of Donald S. Potter, Bankrupt, Appellant, v Columbia University, Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 77
Pages: 813–813

Head Matter:
Edward M. Zachary, as Trustee of Donald S. Potter, Bankrupt, Appellant, v Columbia University, Respondent.

Opinion:
Judgment unanimously affirmed, without costs. Memorandum: The trustee in bankruptcy had the burden of proving that certain transfers of money made to Columbia University were fraudulent according to the New York State Debtor and Creditor Law (Commercial Trading Co. v Potter Securities Corp., 26 AD2d 761). Since the evidence shows that the transfers were made for fair consideration, they were not fraudulent and cannot be recovered by the trustee, (Appeal from judgment of Onondaga Supreme Court—bankrupt's assets.) Present—Cardamone, J. P., Callahan, Doerr and Moule, JJ.