Legal Opinion
Sulcov v. 2100 Linwood Owners, Inc.
New Jersey Superior Court Appellate Division
Decided June 23, 1997PublishedCited by 16 opinions
1Opinion of the Court
The opinion of the court was delivered by
WALLACE, J.A.D.
This appeal presents an issue of first impression in New Jersey with respect to the validity of “flip fees,” “flip taxes,” “transfer fees,” or “transfer taxes” (transfer fees) paid to a cooperative corporation when stock shares in cooperatives are transferred. Six class action suits against six cooperative apartment corporations in Fort Lee were filed in November 1989, and consolidated. Plaintiffs challenged the validity of transfer fees and sought refunds from defendants. On cross-motions for summary judgment, the motion judge held that…
2Cases cited29 opinions
- Rova Farms Resort, Inc. v. Investors Insurance Co. of AmericaSupreme Court of New Jersey · 1974
- Six (6) Mexican Workers v. Arizona Citrus Growers Bodine Produce Company, Inc. Robert Fletcher, D/B/A Fletcher FarmsCourt of Appeals for the Ninth Circuit · 1990
- Winberry v. SalisburySupreme Court of New Jersey · 1950
- Bak-A-Lum Corp. of America v. Alcoa Building Products, Inc.Supreme Court of New Jersey · 1976
- Meshinsky v. Nichols Yacht Sales, Inc.Supreme Court of New Jersey · 1988
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3Cited by16 opinions
- North Bergen Rex Transport, Inc. v. Trailer Leasing Co.Supreme Court of New Jersey · 1999
- Electric Mobility Corp. v. Bourns Sensors/Controls, Inc.District Court, D. New Jersey · 2000
- Culwick v. WoodDistrict Court, E.D. New York · 2019
- Allapattah Services, Inc. v. Exxon Corp.District Court, S.D. Florida · 1999
- De Puy Inc. v. Biomedical Engineering TrustDistrict Court, D. New Jersey · 2001
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