Legal Opinion
O'Flaherty v. Schwimmer
New York Supreme Court
Decided July 12, 1993PublishedCited by 2 opinions
1Opinion of the Court
*421OPINION OF THE COURT
Peter Tom, J.
The novel issue raised by this motion is whether a majority shareholder of a loft building or an interim multiple dwelling, whose shares of stock represent primarily commercial space, has an obligation to pay her proportionate share to legalize the building pursuant to article 7-C of the Multiple Dwelling Law.
In the mid-1970’s, the individual parties in this action, through 126 Chambers Street Corp. (the Corporation) purchased a five-story building located at 126 Chambers Street (the Building) in Manhattan. The Corporation issued 200 shares of stock in which…
2Cases cited6 opinions
- State Tax Commission v. ShorNew York Court of Appeals · 1977
- Guptill Holding Corp. v. StateAppellate Division of the Supreme Court of the State of New York · 1970
- Bartle v. FinkelsteinAppellate Division of the Supreme Court of the State of New York · 1963
- County Dollar Corp. v. DougLasAppellate Division of the Supreme Court of the State of New York · 1990
- Brief v. 120 Owners Corp.Appellate Division of the Supreme Court of the State of New York · 1990
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- 223-15th Street Corp. v. BasseNew York Supreme Court · 2012
- O'Flaherty v. SchwimmerAppellate Division of the Supreme Court of the State of New York · 1994