FIFTY STATES MGMT. CORP. v. PIONEER AUTO PARKS, INC.


44 A.D.2d 887 (1974)

Fifty States Management Corp., Appellant, v. Pioneer Auto Parks, Inc., et al., Respondents

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

May 23, 1974


Order unanimously reversed, with costs, and the motion denied.

Memorandum:

Appellant, Fifty States Management Corporation (Fifty States) was the record owner of a parking lot in downtown Buffalo which it mortgaged to Benderson Development Corporation (Benderson) to secure a loan made by Benderson to Fifty States. In June, 1972 as further security for the debt (which then amounted to $212,775) Fifty States made a written assignment of an existing lease to Benderson...

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