Legal Opinion
Federal Deposit Insurance v. Commissioner of Taxation & Finance
Appellate Division of the Supreme Court of the State of New York
Decided March 4, 1993PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Weiss, P. J.
United National Corporation (hereinafter UNC) was a publicly held corporation formed in Delaware and headquartered in New York City. It was in the main a real estate holding corporation which at the relevant times owned substantial real property in over 20 locations in 17 cities in 11 States. In September 1982, the trustees of Buffalo Savings Bank met and were told that UNC "has stated assets of approximately $65 million and substantial unrealized appreciation on its prop*41erty holdings. In light of our current tax position, this last factor is one of the primary…
2Cases cited8 opinions
- Merritt Hill Vineyards Inc. v. Windy Heights Vineyard, Inc.New York Court of Appeals · 1984
- Grace v. New York State Tax CommissionNew York Court of Appeals · 1975
- Vast Goed v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1989
- Old Nut Co. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1987
- Golub Service Station, Inc. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1992
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3Cited by3 opinions
- Federal Deposit Insurance v. Commissioner of Taxation & FinanceNew York Court of Appeals · 1993
- American Express Co. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1993
- Fed Deposit Ins v. Tax CommrNew York Court of Appeals · 1993