Home/Appellate Terms of the Supreme Court of New York/2710 8th Ave., Inc. v. Frank Forman Pharmacy, Inc.

2710 8th Ave., Inc. v. Frank Forman Pharmacy, Inc.

180 Misc. 376, 42 N.Y.S.2d 887, 1943 N.Y. Misc. LEXIS 2086
Appellate Terms of the Supreme Court of New York·Decided June 10, 1943·Published·Cited by 8 cases

Opinion

Per Curiam.

Under section 233 of the Beal Property Law money deposited by a tenant as security for performance of the terms of a lease are trust funds which may not be commingled with other funds of the landlord. Violation of this statute constitutes a conversion of the security and entitles the tenant to institute proceedings immediately upon such conversion to recover the deposit.

Final order so far as appealed from reversed, with ten dollars costs, and new trial of second counterclaim ordered, with leave to respondent to serve reply to said counterclaim within five days after service of order entered hereon upon payment of said costs.

Shientag, McLaughlin and Hecht, JJ., concur.

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2710 8th Ave., Inc. v. Frank Forman Pharmacy, Inc., 180 Misc. 376, 42 N.Y.S.2d 887, 1943 N.Y. Misc. LEXIS 2086 (N.Y. Ct. App. 1943).

180 Misc. 376 (2710 8th Ave., Inc. v. Frank Forman Pharmacy, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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