MANUFACTURERS AND TRADERS TRUST COMPANY v. ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY


269 A.D.2d 871 (2000)

703 N.Y.S.2d 636

MANUFACTURERS AND TRADERS TRUST COMPANY, as Trustee, Respondent, v. ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY et al., Defendants, and TEJV-1, L.P., Appellant.

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

Decided February 16, 2000.


Order unanimously reversed on the law without costs and motion denied.

Memorandum:

Plaintiff, Manufacturers and Traders Trust Company (M&T), as trustee under an indenture agreement, commenced this action to foreclose on a mortgage on the Guaranty Building in Buffalo. Supreme Court erred in granting M&T's motion for summary judgment and determining that M&T's mortgage is superior to the mortgage held by defendant TEJV-1, L.P. (TEJV). We conclude...

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