Securities
In the Matter of the Plan of Readjustment of the Rights of Holders of Investments in a Mortgage Covering 39-49 Turner Place, Borough of Brooklyn, Guaranteed by Bond and Mortgage Guarantee Company. (Guarantee No. 180,527.) Mollie K. Pearlman et al., Appellants; Manufacturers Trust Company, as Trustee, et al., Respondents
273 A.D. 896·New York Supreme Court, Appellate Division·1948·NY
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Opinion
In the Matter of the Plan of Readjustment of the Rights of Holders of Investments in a Mortgage Covering 39-49 Turner Place, Borough of Brooklyn, Guaranteed by Bond and Mortgage Guarantee Company. (Guarantee No. 180,527.) Mollie K. Pearlman et al., Appellants; Manufacturers Trust Company, as Trustee, et al., Respondents.
[MAJORITY]
In a proceeding by the trustee of a certificated mortgage, for instructions regarding the sale of the mortgage security, order directing a sale at 90% of the unpaid principal of the mortgage indebtedness, against the opposition of some certificate holders, affirmed, without costs. No opinion. Lewis, P. J., Johnston, Adel, Sneed and Wenzel, JJ., concur.