Legal Opinion
Amsterdam Savings Bank v. Terra Domus Corp.
Appellate Division of the Supreme Court of the State of New York
Decided November 17, 1983PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Main, J.
Pursuant to a contract between defendant Sisson Construction (Sisson) and defendant Terra Domus Corporation (Terra Domus), Sisson was to build an apartment complex on land owned by Terra Domus in the Village of Morrisville, Madison County. To finance the project, Marine Midland Bank loaned Terra Domus $850,000, which was secured by a mortgage on the property. A statement filed pursuant to section 22 of the Lien Law on January 9, 1981 denominated $50,000 of the $850,000 for land acquisition and indicated that $664,234 was available to Terra Domus for the…
2Cases cited1 opinion
- Nanuet National Bank v. Eckerson Terrace, Inc.New York Court of Appeals · 1979
3Cited by5 opinions
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- Getman v. Green (In Re Admiral's Walk, Inc.)United States Bankruptcy Court, W.D. New York · 1991
- Herbert Construction Co. v. Greater New York Savings Bank (In Re 455 CPW Associates)United States Bankruptcy Court, S.D. New York · 1996
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