Appellate Division of the Supreme Court of New York, 1994

Falk v. 569 Broadway Associates

Falk v. 569 Broadway Associates
Appellate Division of the Supreme Court of New York · Decided January 27, 1994
200 A.D.2d 535; 607 N.Y.S.2d 17; 1994 N.Y. App. Div. LEXIS 660
Falk v. 569 Broadway Associates

Opinion of the Court

—Order, Supreme Court, New York County (William Davis, J.), entered May 28, 1993, which denied plaintiff’s motion for summary judgment and granted defendants’ cross motion for summary judgment dismissing the complaint, unanimously affirmed, with costs.

We need not determine whether plaintiff effectively exercised his option since even if he did he would not have automatically become a limited partner. Having made no contribution of capital, plaintiff did not become a partner, and his action for an accounting was therefore properly dismissed (see, Winter v Beale, Lynch & Co., 198 AD2d 124). We have considered plaintiff’s other arguments and find them to be without merit. Concur — Murphy, P. J., Rosenberger, Ross, Rubin and Williams, JJ.

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