History
  • No items yet
midpage
Putnam v. Henderson, Hull & Co.
63 N.Y.S. 250
N.Y. App. Div.
1900
Check Treatment
PER CURIAM.

In the order appealed from, the receiver is directed to apply the rents and profits collected by him — “First, to the reduction and extinguishment of the amount due to the plaintiff herein; second, to apply any surplus * * * to the amount due Henderson, Hull & Co.” The latter claimed, by the terms of their bond and mortgage, that the defendant McAllister “pledged the rents as additional security for the money secured thereby”; and, having had a receiver appointed, while it was entirely proper for the court on this motion to extend the receivership in the action to plaintiff’s claim, we do not think it was right to adjudicate upon the claims of the respective mortgagees to the rents.

The order appealed from should accordingly be modified by requiring the receiver to hold the rents collected subject to the further order of the court, and as so modified it should be affirmed, without costs.

Case Details

Case Name: Putnam v. Henderson, Hull & Co.
Court Name: Appellate Division of the Supreme Court of the State of New York
Date Published: Mar 23, 1900
Citation: 63 N.Y.S. 250
Court Abbreviation: N.Y. App. Div.
AI-generated responses must be verified and are not legal advice.
Your Notebook is empty. To add cases, bookmark them from your search, or select Add Cases to extract citations from a PDF or a block of text.