Thursday, August 10, 2017

A religious corporation's sale of real property.

Practice point:  Religious Corporations Law § 12(1) provides that in order to sell any of its real property, a religious corporation must apply for, and obtain, leave of court, pursuant to Not-For-Profit Corporation Law § 511.

Student note:  The purpose of this requirement is to protect the members of the religious corporation, the real parties in interest, from loss through unwise bargains and from misuse of the property.

Case:  Heights v. Schwarz, NY Slip Op 05707 (2d Dep't July 19, 2017)

Here is the decision.

Tomorrow's issue:  The emergency doctrine.