Sassi-Lehner v. Charlton Tenants Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Catterson, J.
In this declaratory judgment action, the plaintiffs seek a declaration that they are the holders of unsold shares in a cooperative corporation and thus entitled to assign, sell or transfer the shares without board approval. The question presented is whether the plaintiffs are entitled to claim the status of holders of “unsold shares” when they acquired the shares through a foreclosure sale.
It is undisputed that defendant Charlton Tenants Corp. is a cooperative incorporated in New York State in 1980. It was established by the sponsor, BDR Associates, to effect…
2Cases cited8 opinions
- Fe Bland v. Two Trees Management Co.New York Court of Appeals · 1985
- Kralik v. 239 East 79th Street Owners Corp.New York Court of Appeals · 2005
- Mionis v. Bank Julius Baer & Co.Appellate Division of the Supreme Court of the State of New York · 2002
- Rm 14 FK Corp. v. Bank One Trust Co., N.A.Appellate Division of the Supreme Court of the State of New York · 2007
- Brennan v. Breezy Point Cooperative, Inc.New York Court of Appeals · 1984
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3Cited by11 opinions
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- Matter of Mazumdar v. Board of Mgrs. of Strivers Gardens CondominiumAppellate Division of the Supreme Court of the State of New York · 2023
- RFLP, LLC v. 255 W. 98th St. Owners Corp.Appellate Division of the Supreme Court of the State of New York · 2022
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