Legal Opinion
Federal Deposit Insurance v. Commissioner of Taxation & Finance
New York Court of Appeals
Decided December 21, 1993PublishedCited by 28 opinions
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
The issue in this case is whether the Tax Appeals Tribunal erred when it determined that a proposed merger agreement, requiring shareholder approval, failed to become a binding and enforceable contract for the purposes of a real property gains tax exemption pursuant to Tax Law § 1443 (6). We agree with the Appellate Division that the Tax Appeals Tribunal’s decision was rational and supported by evidence in the record.
United National Corporation (UNC) was a publicly held corporation formed in Delaware, with headquarters in New *47York City. Essentially a real estate…
2Cases cited4 opinions
- Grace v. New York State Tax CommissionNew York Court of Appeals · 1975
- Moran Towing & Transportation Co. v. New York State Tax CommissionNew York Court of Appeals · 1988
- Federal Deposit Insurance v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1993
- Hawkins, Delafield & Wood v. MichaelNew York Court of Appeals · 1986
3Cited by28 opinions
- Charter Development Co. v. City of BuffaloNew York Court of Appeals · 2006
- Astoria Financial Corp. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2009
- 677 New Loudon Corp. v. State of New York Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2011
- Carpenter Technology Corp. v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2002
- Yellow Book of New York, Inc. v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2010
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