Appellate Division of the Supreme Court of the State of New York, First Department.
OPINION OF THE COURT
LERNER, J.
In this action to compel the sponsor of a cooperative conversion to sell unsold shares of cooperative units it has held for more than 10 years, we are called to decide the issue of whether the sponsor had a contractual duty to dispose of unsold units within a reasonable time. The record dictates that the question must be answered in the affirmative.
Plaintiffs are the cooperative corporation (co-op) that owns 511 West...
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