In this small claims case, I am asked to resolve the question of whether a stock transfer assessment (popularly termed a "flip" tax) imposed by the board of directors of a co-operative corporation on all tenant-shareholders when they transfer their shares of stock to a third party is valid.
The essential facts are as follows: The plaintiff, Albert L. Berglund (Berglund), moved into the premises known as 411 East 57th Street,...
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