Legal Opinion
Branford House, Inc. v. Michetti
New York Court of Appeals
Decided October 12, 1993PublishedCited by 33 opinions
1Opinion of the Court
OPINION OF THE COURT
Hancock, Jr., J.
This proceeding involves a limited-profit (or Mitchell-Lama) housing company, which voluntarily dissolved by prepaying its subsidized mortgage in order to remove the housing project from City regulation and "go private”. The parties dispute the application and interpretation of Private Housing Finance Law § 35. Section 35 provides that, except for projects aided by a State loan, upon dissolution, any surplus in the housing company’s treasury, after accounting for various expenses, obligations and the housing company’s profit, must be paid to the…
2Cases cited8 opinions
- Sanders v. WinshipNew York Court of Appeals · 1982
- Long v. Adirondack Park AgencyNew York Court of Appeals · 1990
- Columbus Park Corp. v. Department of Housing Preservation & DevelopmentNew York Court of Appeals · 1992
- In re for the Removal of DeuelAppellate Division of the Supreme Court of the State of New York · 1906
- People Ex Rel. French v. . LykeNew York Court of Appeals · 1899
3 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- People v. GiordanoNew York Court of Appeals · 1995
- Dandomar Co. v. Town of Pleasant Valley Town BoardAppellate Division of the Supreme Court of the State of New York · 2011
- In re Enforcement of Tax Liens by County of OrangeAppellate Division of the Supreme Court of the State of New York · 2010
- Monroe County Public School Districts v. ZyraAppellate Division of the Supreme Court of the State of New York · 2008
- Stateway Plaza Shopping Center v. Assessor of WatertownAppellate Division of the Supreme Court of the State of New York · 2011
28 more not listed; retrieve them via the Exa API.