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Zachary v. Columbia University

Appellate Division of the Supreme Court of New York, Fourth Department
Jul 10, 1980
77 A.D.2d 813 (N.Y. App. Div. 1980)

Opinion

July 10, 1980

Appeal from the Onondaga Supreme Court.

Present — Cardamone, J.P., Callahan, Doerr and Moule, JJ.


Judgment unanimously affirmed, without costs. Memorandum: The trustee in bankruptcy had the burden of proving that certain transfers of money made to Columbia University were fraudulent according to the New York State Debtor and Creditor Law (Commercial Trading Co. v. Potter Securities Corp., 26 A.D.2d 761). Since the evidence shows that the transfers were made for fair consideration, they were not fraudulent and cannot be recovered by the trustee.


Summaries of

Zachary v. Columbia University

Appellate Division of the Supreme Court of New York, Fourth Department
Jul 10, 1980
77 A.D.2d 813 (N.Y. App. Div. 1980)
Case details for

Zachary v. Columbia University

Case Details

Full title:EDWARD M. ZACHARY, as Trustee of DONALD S. POTTER, Bankrupt, Appellant, v…

Court:Appellate Division of the Supreme Court of New York, Fourth Department

Date published: Jul 10, 1980

Citations

77 A.D.2d 813 (N.Y. App. Div. 1980)

Citing Cases

Rego Crescent Corp. v. Tymon (In re Rego Crescent Corp.)

Seligson v. New York Produce Exchange, 394 F. Supp. 125, 127-128 (1975). Cf. Zachary v. Columbia University,…