ALH Properties Ten, Inc. v. 306-100th Street Owners Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Ross, J.
The primary issue presented by this appeal concerns the viability and extent of a cooperative corporation’s lien (for obligations other than maintenance), upon the unsold shares retained by the sponsor, where the sponsor’s shares have been pledged to a lender to secure a loan, and then subsequently purchased at a foreclosure sale. The Court at IAS concluded that, while the cooperative corporation’s lien for arrears in maintenance charges due under the proprietary leases must be satisfied, the corporation’s lien on the shares for so-called "nonmaintenance…
2Cases cited15 opinions
- Laba v. CareyNew York Court of Appeals · 1971
- Allen v. Biltmore Tissue Corp.New York Court of Appeals · 1957
- Agar v. OrdaNew York Court of Appeals · 1934
- Penthouse Properties, Inc. v. 1158 Fifth Avenue, Inc.Appellate Division of the Supreme Court of the State of New York · 1939
- Silverman v. Alcoa Plaza AssociatesAppellate Division of the Supreme Court of the State of New York · 1971
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3Cited by10 opinions
- Stolow v. Greg Manning Auctions Inc.District Court, S.D. New York · 2003
- ALH Properties Ten, Inc. v. 306-100th Street Owners Corp.New York Court of Appeals · 1995
- McLeod v. CowlesAppellate Division of the Supreme Court of the State of New York · 1995
- Highland Capital Management LP v. SchneiderCourt of Appeals for the Second Circuit · 2006
- Alpha Phi Alpha Senior Citizens Center, Inc. v. Zeta Zeta Lambda Co.New York Supreme Court · 2016
5 more not listed; retrieve them via the Exa API.