From Casetext: Smarter Legal Research

Gimbel v. Reibman

Appellate Division of the Supreme Court of New York, Second Department
Nov 24, 1980
78 A.D.2d 897 (N.Y. App. Div. 1980)

Opinion

November 24, 1980


In an action, inter alia, to partition certain real property, plaintiff appeals from an order of the Supreme Court, Queens County, entered April 3, 1980, which denied his motion for appointment of a temporary receiver. Order reversed, without costs or disbursements, and motion granted. Although appointment of a temporary receiver is an extreme remedy which is not lightly granted (Hahn v. Garay, 54 A.D.2d 629), the plaintiff has satisfied the requirements of CPLR 6401 (subd [a]) and is entitled to such relief. There is no question that he has an apparent interest in the property, either through a 25% fee ownership or through the same percentage interest in a joint venture for the ownership and management of the property. Plaintiff also has established a danger of material injury to the property. Although we discredit his suggestion that defendants may not be collecting rent from the property's commercial tenant, the defendant's concede that they have commingled that income with the income derived from other property or properties. Such act creates a situation ripe for dilution of the income assets and harm to the interests of the nonparticipatory joint venturer (Jones v. Cuffee, 49 A.D.2d 883; E.G.A. Successor Corp. v. Vogel, 21 A.D.2d 176). Furthermore, the serious and uncontroverted allegation regarding the corporate defendant's solvency, and the consequent uncertainty whether that party would be able to satisfy a judgment against it, underscore the need for a receiver to insure the property's continued worth pending adjudication of the dispute on the merits (cf. Cohn v. Wahn, 132 App. Div. 849). Titone, J.P., Gibbons, Margett and O'Connor, JJ., concur.


Summaries of

Gimbel v. Reibman

Appellate Division of the Supreme Court of New York, Second Department
Nov 24, 1980
78 A.D.2d 897 (N.Y. App. Div. 1980)
Case details for

Gimbel v. Reibman

Case Details

Full title:BERNARD W. GIMBEL, Appellant, v. KAREN D. REIBMAN et al., Respondents

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Nov 24, 1980

Citations

78 A.D.2d 897 (N.Y. App. Div. 1980)

Citing Cases

Wong v. Wong

In light of this situation and the extent of the parties' assets which will undoubtedly entail extensive and…

Verderber v. Commander Enterprises Centereach

Finally, Shapiro's commingling of security deposits, while a violation of General Obligations Law § 7-103(1),…