Appellate Division of the Supreme Court of New York, 2012

In re Prospect Heights Housing Development Fund Corp.

Appellate Division of the Supreme Court of New York · Decided January 31, 2012

91 A.D.3d 956; 937 N.Y.2d 620

Cases that cite this one

2 later published cases cite this decision.

Matter of East Midwood Jewish Ctr., Inc. (Levitt) (Appellate Division of the Supreme Court of New York 2025)
Matter of Mount Manresa (Appellate Division of the Supreme Court of New York 2015)

This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.

Opinion of the Court

Contrary to the appellants’ contention, the evidence did not establish that the appellant Linda Caldwell was a member of the petitioner’s board of directors (hereinafter the board) dur*957ing any relevant time period. Moreover, even if the appellant Denise Taylor were a member of the board at the time that the board approved the sale of the subject property, the evidence established that the other three members of the board approved that sale in compliance with Not-For-Profit Corporation Law § 510 (a). Further, the evidence established that the terms of the sale were fair and reasonable, and in the furtherance of the petitioner’s purpose and the interests of its members (see N-PCL 511 [d]; Scher v Yeshivath Makowa Corp., 54 AD3d 839 [2008]).

The appellants’ remaining contentions are without merit. Angiolillo, J.P, Florio, Chambers and Hall, JJ., concur.

Case-law data current through September 30, 2026. Source: CourtListener bulk data.