Majority
p. 1136PEOPLE v. REPUBLIC SAVINGS & LOAN ASS’N. (Supreme Court, Appellate Division, Second Department. May 10, 1907.)
Headnote
Proceeding by the people against the Republic Savings & Loan Association. From an order resettling an order, Edward G. Riggs and another, receivers of defendant, appeal.Affirmed.
Albert T. Wilkinson, for appellants.
Frank H. Mott, Deputy Atty. Gen., for respondents.
Louis Frankel, for Corporation Liquidating Co.
We should not disturb the order. If the receivers have heretofore accounted in other jurisdictions, the order would not preclude the receivers from reading decrees therein settling such accounts, which, if valid, would protect them herein and would halt any investigation in transactions validated by such decrees. Further, if the receivers are protected against ancillary or collateral proceedings by orders of validity final in their character, this order cannot be used to question or to attack such adjudications. These questions can all be presented to the referee and should be passed upon by him. The order is affirmed, without costs. All concur.