In re Prospect Heights Housing Development Fund Corp.

Contrary to the appellants’ contention, the evidence did not establish that the appellant Linda Caldwell was a member of the petitioner’s board of directors (hereinafter the board) dur*957ing any relevant time period. Moreover, even if the appellant Denise Taylor were a member of the board at the time that the board approved the sale of the subject property, the evidence established that the other three members of the board approved that sale in compliance with Not-For-Profit Corporation Law § 510 (a). Further, the evidence established that the terms of the sale were fair and reasonable, and in…