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STATE OF NEW YORK v. SEVENTH REGIMENT FUND, INC.

283 A.D.2d 321 (2001)

725 N.Y.S.2d 324

STATE OF NEW YORK, Appellant, v. SEVENTH REGIMENT FUND, INC., Respondent.

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

Decided May 24, 2001.

In light of plaintiff's allegations that the 1952 transfer of valuable inter vivos gifts received by the Seventh Regiment to defendant was unauthorized and unlawful, the IAS court correctly determined that plaintiff State's cause of action accrued at the time of the transfer (see, Solomon R. Guggenheim Found. v Lubell, 77 N.Y.2d 311, 317-318; see also, New York City Tr. Auth. v New-York Historical Socy.,

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