BRESWICK & CO. v. HARRISON-RYE REALTY CORP.


2 A.D.2d 769 (1956)

Breswick & Co. et al., as Stockholders of Harrison-Rye Realty Corporation, on Behalf of Themselves and All Other Stockholders of Said Corporation, Similarly Situated, Appellants, v. Harrison-Rye Realty Corporation et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Second Department.

July 18, 1956


Judgment affirmed, with $10 costs and disbursements.

The respondent Westchester Country Club, Inc., and its holding corporation, the respondent Harrison-Rye Realty Corporation, were created to afford recreation on a nonprofit basis. These affiliates were the immediate successors of and purchasers from a similar country club and holding corporation. The country club is liable on the mortgage made by the holding corporation...

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