Case Name: PEOPLE v. METROPOLITAN SAVINGS & LOAN ASS'N
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1905-03-21
Citations: 92 N.Y.S. 1138
Docket Number: 
Parties: PEOPLE v. METROPOLITAN SAVINGS & LOAN ASS’N.
Judges: 
Reporter: West's New York Supplement
Volume: 92
Pages: 1138–1138

Head Matter:
PEOPLE v. METROPOLITAN SAVINGS & LOAN ASS’N.
(Supreme Court, Appellate Division, Third Department.
March 21, 1905.)
Proceedings by the people of the state of New York against the Metropolitan Savings & Loan Association.

Opinion:
PER CURIAM.
Motion granted, and questions certified as follows: "(1) Are the claimants holding shares in said corporation known as class E general creditors, or entitled to the rights of general creditors, of said corporation, and to the payment by the receiver, on the final distribution of the assets of the corporation, to the extent of the par value of such stock, in preference and prior to any payment being made by said receiver to claimants holding shares of any of the installment stocks in said corporation? (2) Are the claimants holding shares in said corporation known as class K general creditors, or entitled to the rights of general creditors, of said corporation, and to the payment by the receiver, on the final distribution of the assets of the corporation, to the extent of the par value of such stock, in preference and prior to any payment being made by said receiver to claimants holding shares of any of the installment stocks in said corporation? (3) Are the claimants holding shares in said corporation known as class H general creditors, or entitled to the rights of general creditors, of said corporation, and to the payment by the receiver, on the final distribution of the assets of the corporation, to the extent of the paid-up value of such stock, in preference and prior to any payment being made by said receiver to claimants holding shares of any of the installment stocks in said corporation?"