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CHEM. BANK v. ASHENBURG

94 Misc.2d 64 (1978)

Chemical Bank of Rochester, Plaintiff, v. Norman J. Ashenburg et al., Defendants.

Supreme Court, Monroe County.

March 29, 1978

Attorney(s) appearing for the Case

Lacy, Katzen, Greene & Jones (Richard B. Callen of counsel), for plaintiff. Frank, Garrity & Tiernan (Bernard A. Frank of counsel), for Norman J. Ashenburg and others, defendants. Culley, Marks, Corbett, Tanenbaum, Reifsteck & Potter (Burton D. Tanenbaum of counsel), for Carl Oshrain and others, defendants. Weiner & Lawrence (Malcolm M. Lawrence of counsel), for Thomas H. Traynor, defendant.

EMMETT J. SCHNEPP, J.

Based upon the findings made by this court, the facts of the case can be stated briefly. Stanndco Developers, Inc. (Stanndco), the developer of an apartment house project, formed a limited partnership to syndicate the sale of the project. The partnership, Meadowbrook Farm Apartments (Meadowbrook), consisted of 24 equal shares in the project of which one share was held by Stanndco, the sole...

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