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NEW YORK v. MACLAY

No. 374.

288 U.S. 290 (1933)

53 S.Ct. 323

77 L.Ed. 754

NEW YORK v. MACLAY ET AL., RECEIVERS, ET AL.

Supreme Court of United States.

Decided February 6, 1933.

Attorney(s) appearing for the Case

Mr. Charles A. Schneider, with whom Messrs. John J. Bennett, Jr., Attorney General of New York, and Robert P. Beyer were on the brief, for petitioner.

Solicitor General Thacher, with whom Assistant Attorney General Youngquist and Messrs. Whitney North Seymour, Sewall Key, Hayner N. Larson, and Wm. H. Riley, Jr., were on the brief, for the United States, respondent.

No appearance for Maclay et al., Receivers, respondents.

MR. JUSTICE CARDOZO delivered the opinion of the Court.

The controversy is one between the United States and a state as to priority of payment out of the assets of an insolvent corporation.

Receivers of the corporation were appointed by a consent decree in January, 1927, and creditors were directed to file their claims. The decree had the effect of a general assignment. Price v. United States, 269 U.S. 492, 502...

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