Order modified, on the law, by striking therefrom the second decretal paragraph, which granted the stay of arbitration, and substituting therefor a provision denying the stay. As so modified, order affirmed, without costs.
In our opinion, although appellant-respondent had the requisite status to initiate arbitration proceedings, the stay of arbitration was nevertheless erroneously granted. We disagree with Special Term's conclusion that appellant-respondent failed...
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