Legal Opinion
64th Associates, L.L.C. v. Manhattan Eye, Ear & Throat Hospital
New York Court of Appeals
Decided June 8, 2004PublishedCited by 15 opinions
1Opinion of the Court
OPINION OF THE COURT
Rosenblatt, J.
Certain types of not-for-profit entities must obtain judicial approval before selling the bulk of their assets (see Not-For-Profit Corporation Law [N-PCL] § 510 [a] [3]; § 511). In the case before us, a not-for-profit hospital sought to sell its assets to a real estate developer and another hospital. The contract called for the hospital to reimburse the developer for out-of-pocket expenses in an amount up to $800,000 should the hospital fail to obtain judicial approval of the proposed sale. Supreme Court disapproved the sale.
In a subsequent action in which…
2Cases cited5 opinions
- McConnell v. Commonwealth Pictures Corp.New York Court of Appeals · 1960
- Szerdahelyi v. HarrisNew York Court of Appeals · 1986
- Church of God of Prospect Plaza v. Fourth Church of ChristNew York Court of Appeals · 1981
- Church of God of Prospect Plaza v. Fourth Church of ChristAppellate Division of the Supreme Court of the State of New York · 1980
- Manhattan Eye, Ear & Throat Hospital v. SpitzerNew York Supreme Court · 1999
3Cited by15 opinions
- Beth Israel Medical Center v. Horizon Blue Cross & Blue Shield of New Jersey, Inc.Court of Appeals for the Second Circuit · 2006
- Beth Israel Medical Center v. Horizon Blue Cross And Blue Shield Of New Jersey, Inc.Court of Appeals for the Second Circuit · 2006
- Whitehaven S.F., LLC v. SpanglerDistrict Court, S.D. New York · 2014
- Ring v. Elizabeth Foundation for the ArtsAppellate Division of the Supreme Court of the State of New York · 2016
- RAGHAVENDRA v. Trustees of Columbia UniversityDistrict Court, S.D. New York · 2010
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