Legal Opinion
Berglund v. 411 East 57th Corp.
Civil Court of the City of New York
Decided January 26, 1984PublishedCited by 6 opinions
1Opinion of the Court
OPINION OF THE COURT
David B. Saxe, J.
In this small claims case, I am asked to resolve the question of whether a stock transfer assessment (popularly termed a “flip” tax) imposed by the board of directors of a co-operative corporation on all tenant-shareholders when they transfer their shares of stock to a third party is valid.
The essential facts are as follows: The plaintiff, Albert L. Berglund (Berglund), moved into the premises known as 411 East 57th Street, New York, New York, on September 1, 1971, occupying apartment No. 8E. In 1972, a co-operative conversion plan for the building owned…
2Cases cited10 opinions
- Schwartz v. MarienNew York Court of Appeals · 1975
- Cabana v. Holstein-Friesian Ass'n of AmericaAppellate Division of the Supreme Court of the State of New York · 1921
- Vernon Manor Co-operative Apartments, Section I, Inc. v. Salatino, New York County Courts1958
- Hanson v. Ontario Milk Producers Cooperative, Inc.New York Supreme Court · 1968
- Garrison Apartments, Inc. v. SabourinCivil Court of the City of New York · 1982
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- 330 West End Apartment Corp. v. KellyNew York Supreme Court · 1984
- Berglund v. 411 East 57th Corp.Appellate Terms of the Supreme Court of New York · 1985
- Bland v. Two Trees Management Co.New York Supreme Court · 1984
- Nantista v. 130 West 86 Apartments Corp.Civil Court of the City of New York · 1985
- Berglund v. 411 East 57th Corp.Appellate Division of the Supreme Court of the State of New York · 1986
1 more not listed; retrieve them via the Exa API.