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BOARD OF MANAGERS OF STEWART PLACE CONDOMINIUM, INC. v. STEWART PLACE ACQUISITION CORP., INC.

265 A.D.2d 359 (1999)

696 N.Y.S.2d 498

BOARD OF MANAGERS OF STEWART PLACE CONDOMINIUM, INC., Appellant, v. STEWART PLACE ACQUISITION CORP., INC., et al., Respondents.

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

Decided October 12, 1999.

Ordered that the order is affirmed insofar as appealed from, with one bill of costs.

When the defendant Stewart Place Acquisition Corp., Inc. (hereinafter SPAC), became the successor in interest to the original sponsor, it became burdened by the same obligations and was entitled to the same privileges as the sponsor, including an exemption from the obligation to provide the plaintiff Board of Managers of the Stewart Place Condominium, Inc. (hereinafter the Board)...

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