The Vladikavkazsky Railway Company, Respondent v. the New York Trust Company, Appellant

Summary

The New York Court of Appeals affirmed the Appellate Division's order striking all of the bank's defenses and allowing the plaintiff railroad corporation to recover the deposit. The court held that the alleged foreign‑government interests and the directors' claimed authority were insufficient as legal defenses, and that the corporation, though nationalized abroad, remains a juristic person capable of suing in New York. The decision rests on public‑policy considerations rejecting enforcement of foreign decrees contrary to New York law.