Corporations

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

216 A.D. 772·New York Supreme Court, Appellate Division·1926·NY

Brief incoming

Hand-reviewed Bluebook brief (procedural posture, facts, issue, holding, reasoning, dissent) ships once the AI generation pipeline runs through this case. Join the waitlist to get notified when 1L briefs go live.

Opinion

Murray Wall, Respondent, v. Seventy Pierrepont Street Corporation and Others, Defendants, Impleaded with Arne Dehli and Another, Appellants. [MAJORITY] — 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.