William O. Platt, as Trustees, Appellants v. New York and Sea Beach Railway Company, Defendants…

Summary

The Court of Appeals held that the foreclosure receiver’s appointment and the subsequent accounting order were not void and could not be attacked in a collateral proceeding. Accordingly, the receiver could not be compelled to deliver the corporation’s books or pay over the monies to the sequestration receiver, and the accounting order protected the receiver from such claims. The Court reversed the Appellate Division’s reversal and affirmed the Special Term’s order.