Damianos Realty Group, LLC v. Fracchia
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
In an action, inter alia, to recover damages for the fraudulent conveyance of assets, the plaintiff appeals, as limited by its brief, from so much of an order of the Supreme Court, Suffolk County (Oliver, J.), dated July 21, 2005, as denied its motion for summary judgment on the complaint.
Ordered that the order is affirmed insofar as appealed from, with costs.
One of the primary and completely legitimate purposes of incorporating is to limit or eliminate the personal liability of corporate principals (see Bartle v Home Owners Coop., 309 NY 103, 106 [1955]). Nevertheless, equity will intervene…
2Cases cited7 opinions
- Morris v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
- First Bank of the Americas v. Motor Car Funding, Inc.Appellate Division of the Supreme Court of the State of New York · 1999
- Bartle v. Home Owners Cooperative, Inc.New York Court of Appeals · 1955
- New York Ass'n for Retarded Children, Inc. v. KeatorAppellate Division of the Supreme Court of the State of New York · 1993
- Abelman v. Shoratlantic Development Co.Appellate Division of the Supreme Court of the State of New York · 1989
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- Country Pointe at Dix Hills Home Owners Ass'n v. Beechwood OrganizationAppellate Division of the Supreme Court of the State of New York · 2011
- Matter of Arben Corp. v. Durastone, LLCAppellate Division of the Supreme Court of the State of New York · 2020
- EAC of New York, Inc. v. Capri 400, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
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