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St. James Plaza v. Notey

Appellate Division of the Supreme Court of New York, Second Department
Oct 1, 1990
166 A.D.2d 438 (N.Y. App. Div. 1990)

Opinion

October 1, 1990

Appeal from the Supreme Court, Suffolk County (Namm, J.).


Ordered that the order is affirmed insofar as appealed from, without costs or disbursements.

The liability of partners for the contractual liabilities of the partnership is joint and several, each partner is liable for the whole amount of the debt of the partnership, not merely for a proportionate share (see, Partnership Law § 25; Midwood Dev. Corp. v. K 12th Assocs., 146 A.D.2d 754). Because there are allegations of insolvency of the partnership, the individual parties, as both partners and stockholders are proper parties to this litigation. We have already ruled that, under the partnership agreement, and shareholders agreement, entered into by the individual defendants, the stock and partnership interests are to be treated as indivisible units (see, St. James Plaza v Notey, 111 A.D.2d 228). The defendants in this action are both partners and stockholders. In light of our previous determination, we find that the denial of summary judgment to the individual defendants was proper. Kooper, J.P., Harwood, Balletta and Rosenblatt, JJ., concur.


Summaries of

St. James Plaza v. Notey

Appellate Division of the Supreme Court of New York, Second Department
Oct 1, 1990
166 A.D.2d 438 (N.Y. App. Div. 1990)
Case details for

St. James Plaza v. Notey

Case Details

Full title:ST. JAMES PLAZA et al., Appellants, v. ANTON NOTEY et al., Respondents…

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

Date published: Oct 1, 1990

Citations

166 A.D.2d 438 (N.Y. App. Div. 1990)
560 N.Y.S.2d 672

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