Legal Opinion
Trump Village Section 3, Inc. v. City of New York
New York Court of Appeals
Decided December 19, 2014No. 221PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Abdus-Salaam, J.
We are presented with the following question: Does a taxable transfer pursuant to Tax Law § 1201 (b) and section 11-2102 (a) of the Administrative Code of the City of New York occur when a residential housing cooperative corporation terminates its participation in the Mitchell-Lama program and amends its certificate of incorporation as part of its voluntary dissolution and reconstitution as a cooperative corporation governed by the Business Corporation Law? We agree with the Appellate Division that no taxable event occurs.
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Plaintiff, Trump Village Section…
2Cases cited3 opinions
- Debevoise & Plimpton v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
- Consolidated Kansas City Smelting & Refining Co. v. Secretary of StateAppellate Division of the Supreme Court of the State of New York · 1897
- East Midtown Plaza Housing Co. v. CuomoNew York Court of Appeals · 2012
3Cited by2 opinions
- Matter of Level 3 Communications, LLC v. Clinton CountyAppellate Division of the Supreme Court of the State of New York · 2016
- Matter of de Suze v. Linden Plaza Preserv.Appellate Division of the Supreme Court of the State of New York · 2016