Skip to main content
DRAFT FOR ATTORNEY REVIEW — NOT FINAL

13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)

Citation
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
Parent Document
13315 Owners Corp. v. Kennedy, 4 Misc. 3d 931 (2004)
Jurisdiction
New York (state)
Effective Date
2004-06-29

Other Sections in This Document (76)

Full Text

558 chars
A Pullman analysis has two phases. Phase one determines whether to apply the business judgment rule to a shareholder or board vote. It is the shareholder-tenant’s burden to persuade the court why it should not apply the business judgment rule and defer to the vote. If the court does not apply the business judgment rule, in phase two the court determines from its own evaluation of the competent evidence whether the cooperative is entitled to possession. In phase two, the cooperative has the burden to prove to the court that it is entitled to possession.