Majority
p. 866In the Matter of the Application of The People of the State of New York and George S. Van Schaick, as Superintendent of Insurance of the State of New York, for an Order to Take Possession of the Property of and Rehabilitate Union Guarantee and Mortgage Company. In the Matter of the Plan for Readjustment, Modification or Reorganization of the Rights of All the Holders of Mortgage Investments Represented by Series 2290 Mortgage Participation Certificates Guaranteed by Union Guarantee and Mortgage Company and Secured by Mortgage Covering Premises 165 Bennett Avenue, Manhattan, New York City. The New York Trust Company, Petitioner, Respondent; Louis H. Pink, Superintendent of Insurance, as Successor to The Mortgage Commission of the State of New York, Respondent; United Equities, Inc., and Louis H. Pink, Superintendent of Insurance of the State of New York, as Liquidator of Union Guarantee and Mortgage Company, Appellants.
-Order unanimously
p. 867
affirmed, with costs and disbursements to the respondent, The New York Trust Company, against the appellant United Equities, Inc. No opinion. Present — Martin, P. J., O’Malley, Glennon, Untermyer and Dore, JJ.