Case Name: Murray Wall, Respondent, v. Seventy Pierrepont Street Corporation and Others, Defendants, Impleaded with Arne Dehli and Another, Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1926-03
Citations: 216 A.D. 772
Docket Number: 
Parties: Murray Wall, Respondent, v. Seventy Pierrepont Street Corporation and Others, Defendants, Impleaded with Arne Dehli and Another, Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 216
Pages: 772–772

Head Matter:
Murray Wall, Respondent, v. Seventy Pierrepont Street Corporation and Others, Defendants, Impleaded with Arne Dehli and Another, Appellants.

Opinion:
— Judgment unanimously affirmed, with costs. Assuming, without deciding, that the appellant stockholder is in a position to raise the question of the alleged invalidity of the mortgage in suit, we think her claim unavailing so long as the corporation has and retains the benefit of the money loaned on the faith of the mortgage. (Hamilton Trust Co. v. Clemes, 17 App. Div. 152; affd., 163 N. Y. 423.) The finding that the mortgagees were without knowledge of the by-laws is approved. Present — Kelly, P. J., Rich, Young, Kapper and Lazansky, JJ.