Law

Clearing the Confusion: Misplaced Notes and Allonges

In a complex commercial financing, efforts to reduce liability for New York's mortgage recording tax result in long chains of active promissory notes encompassing a number of financings over decades.
The New York Times

DEPOSITORS MAY OFFSET NOTES; Clearing House Permits Patrons of Closed Banks to Reserve Their Balances. ABOUT $1,000,000 INVOLVED Agreement Ends Controversy Between Mechanics ...

TimesMachine is an exclusive benefit for home delivery and digital subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of online ...
The New York Times

MR. WARBURG URGES GOVERNMENT BANK; Advocates Plan as a Remedy for Defects in Present Banking System. CENTRAL POWER NEEDED The Bank to Have Power to Issue Notes Against ...

TimesMachine is an exclusive benefit for home delivery and digital subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of online ...