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METERED APPLIANCES, INC. v. 75 OWNERS CORP.

225 A.D.2d 338 (1996)

638 N.Y.S.2d 631

Metered Appliances, Inc., Respondent-Appellant, v. 75 Owners Corp., Appellant-Respondent and Third-Party Plaintiff-Appellant-Respondent. Metered Appliances Co., Inc., Third-Party Defendant-Respondent-Appellant

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

March 7, 1996

Defendant's predecessor entered into a lease in 1989 with the third-party defendant, a corporation previously dissolved by the Secretary of State pursuant to Tax Law § 203-a for failure to pay franchise tax. While a corporate dissolution may not affect the corporation's right to carry on business for the purpose of winding up its affairs (see, Bowditch v 57 Laight St. Corp., 111 Misc.2d 255), new business is prohibited...

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