STRONG v. STRONG


277 A.D.2d 533 (2000)

715 N.Y.S.2d 499

TERRY STRONG, Appellant, v. STEVEN B. STRONG, Respondent, et al., Defendant.

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

Decided November 2, 2000.


Crew III, J.

In 1992, plaintiff and defendant Steven B. Strong (hereinafter defendant) entered into a stipulation granting plaintiff a divorce and providing, inter alia, that defendant assign to plaintiff all of his right, title and interest in three businesses, one of which was defendant Wellspring Houses Company. Inasmuch as Wellspring was encumbered by a lien held by Union National Bank, defendant agreed that plaintiff would hold, as collateral, an assignment...

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