ALPER v. LUPOLI


17 N.Y.2d 888 (1966)

Seymour E. Alper, Appellant-Respondent, v. Peter Lupoli et al., Respondents-Appellants, et al., Defendants.

Court of Appeals of the State of New York.

Decided June 9, 1966.


Attorney(s) appearing for the Case

Emanuel Thebner and Samuel Rothstein for appellant-respondent.

Jacob Rappaport and John B. Jacobson for respondents-appellants.

Chief Judge DESMOND and Judges FULD, VAN VOORHIS, BURKE, SCILEPPI, BERGAN and KEATING concur.


Per Curiam.

The loan agreement of June 3, 1959 constituted a pledge by the plaintiff of both the 500 shares of stock in defendant corporation and the first mortgage on the premises which the corporation owned. Upon default, the plaintiff was entitled to notice from defendant pledgees of the sale of both pledged items and to the opportunity to redeem afforded by article 9 of the Lien Law (§§ 201, 202; see...

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