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SMOLINSKY v. 46 RAMPASTURE OWNERS, INC.

230 A.D.2d 620 (1996)

646 N.Y.S.2d 110

Ronald J. Smolinsky et al., Appellants, v. 46 Rampasture Owners, Inc., Respondent

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

August 8, 1996

Plaintiffs are the owners of shares and holders of a proprietary lease relating to one unit within a 12-unit property owned by defendant cooperative housing corporation. Defendant's board of directors ("Board") is composed of one shareholder from each unit. Pursuant to the terms of the proprietary lease here at issue, majority Board approval was required for any assignment of the lease upon sale of the shares of a unit. The proprietary...

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