The issue presented here is whether the residential occupancy by a shareholder of a corporation that operates a hat factory results in covered occupancy under article 7-C of the Multiple Dwelling Law (the Loft Law) where the space used for residential purposes is less than 2% of the floor space rented by the corporation.
This is a holdover proceeding instituted against Aky Hat Corp. (Aky) to recover possession of the entire...
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