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MATTER OF BSL DEV. CORP. v. AQUABOGUE COVE PARTNERS, INC.

212 A.D.2d 694 (1995)

623 N.Y.S.2d 253

In the Matter of BSL Development Corp., Respondent, v. Aquabogue Cove Partners, Inc., Appellant

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

February 21, 1995

Ordered that the judgment is affirmed insofar as appealed from, with costs.

In March 1981 the petitioner BSL Development Corp. (hereinafter BSL) entered into a contract to purchase a parcel of undeveloped land on Long Island from the owner Broad Cove, Inc. (hereinafter Broad Cove). The closing was scheduled for June 1981. Stanley Weisz agreed to purchase all the shares of Broad Cove in August 1981, and the Stanley Weisz, P. C. Retirement Plan (hereinafter the Weisz...

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