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151 A.D. 711

Reiner v. Galinger

Appellate Division of the Supreme Court of the State of New York · decided 1912-06-28

Appeal by the defendant, Harry H. Galinger, from an order of the Supreme Court, made at the New York Special Term and entered in the office of the clerk of the county of New York on the 22d day of March, 1912, overruling the defendant’s demurrer to the complaint, and also from an order entered in said clerk’s office on the 29th day of March, 1912, resettling the first order.

Relies on Minturn v. . Farmers' Loan and Trust Co.

Decided 1912-06-28

Miller, J.:

¶1The action is brought to have a past due note adjudged to be usurious, illegal and void. The mere fact that one has a defense to an action at law, if one should, be brought, has never yet been held to justify an appeal to the jurisdiction of equity.- The objection is not merely that there- is an adequate remedy at law, but that there is no cause of action.

¶2Section 373 of the General Business Law (Consol. Laws, chap. 20; Laws of 1909, chap. 25), derived from section 5 of title 3 of chapter 4 of part 2 of the Revised Statutes (1 R. S. 772) and chapter 430 of the Laws of 1837, might upon a superficial reading seem to support the plaintiff’s right to maintain a suit to have the note adjudged to be void, but the law is settled in this State to the contrary. (Minturn v. Farmers’ Loan & Trust Co., 3 N. Y. 498; Allerton v. Belden, 49 id. 373.)

¶3The order should be reversed, with ten dollars costs and disbursements, arid the motion granted, with ten dollars costs.

¶4Ingraham, P. J., McLaughlin, Scott, and Dowling, JJ., concurred.

¶5Order reversed, with ten dollars costs and disbursements, and motion granted, with ten dollars costs.

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