Commonwealth of the Northern Mariana Islands v. Canadian Imperial Bank of Commerce

New York Court of Appeals · Decided 2013-04-30

Cited by 102 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OPINION OF THE COURT Rivera, J. Two questions certified to us by the United States Court of Appeals for the Second Circuit raise issues as to whether a judgment creditor can obtain a CPLR article 52 turnover order against a bank to garnish assets held by the bank’s foreign subsidiary. We hold that for a court to issue a postjudgment turnover order pursuant to CPLR 5225 (b) against a banking entity, that enti…

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