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SAINT JAMES' EPISCOPAL CHURCH v. F.O.C.U.S. FOUNDATION

47 A.D.3d 1058 (2008)

850 N.Y.S.2d 661

SAINT JAMES' EPISCOPAL CHURCH et al., Respondents, v. F.O.C.U.S. FOUNDATION et al., Defendants, and CITIHOPE INTERNATIONAL, INC., Appellant.

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

Decided January 10, 2008.

Kane, J.

Mark Cole was the rector of plaintiff Saint James' Episcopal Church (hereinafter the Church) and a director of plaintiff St. James' Episcopal Missionary Society (hereinafter the Society), a separate not-for-profit corporation. In July 2000, Cole, on behalf of the Society, allegedly entered into a written pledge agreement with defendant Citihope International, Inc. Pursuant to these documents, Citihope would acquire...

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