Legal Opinion

United Chelsea National Bank v. Rumican 190 Corp.

Appellate Division of the Supreme Court of the State of New York

Decided June 13, 1996PublishedCited by 1 opinion

1Opinion of the Court

Since a receiver had been appointed and a judgment of foreclosure and sale previously entered, without any appeal having been taken, and since the mortgage provided for an ex parte appointment of a receiver, the appointment of a second receiver after the bankruptcy court lifted the automatic stay was proper (see, RPAPL 1325 [1]; Real Property Law § 254 [10]; State St. Bank v Broadway/ St. Nicholas Assocs., 214 AD2d 474). This exercise of discretion was particularly appropriate given the entry of a consent order with the Department of Housing Preservation and Development to repair 596 building…

2Cases cited2 opinions

  1. State Street Bank & Trust Co. v. Broadway/St. Nicholas AssociatesAppellate Division of the Supreme Court of the State of New York · 1995
  2. Hahn v. WylieAppellate Division of the Supreme Court of the State of New York · 1976

3Cited by1 opinion

  1. Fortress Credit Corp. v. Alarm One, Inc.District Court, S.D. New York · 2007

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