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Crossland Savings Bank, v. 65 Lenox Road

Appellate Division of the Supreme Court of New York, Second Department
Oct 21, 1996
232 A.D.2d 520 (N.Y. App. Div. 1996)

Opinion

October 21, 1996.

In an action to foreclose a mortgage, the plaintiffs successor-in-interest appeals from an order of the Supreme Court, Kings County (Sunshine, R.), entered March 22, 1996, which denied its objections to a receiver's final accounting.

Before: Mangano, P. J., Rosenblatt, Sullivan and Hart, JJ.


Ordered that the order is reversed, on the law, with costs, and the appellant's objections to the receiver's final accounting are sustained.

In view of the receiver's admitted commingling of receivership funds with personal funds, his failure to adequately explain the transactions in question, and the inconsistencies in his testimony, the receiver did not meet his burden of justifying his account ( see, Independent Props. Co. v Mast Prop. Investors, 148 AD2d 849, 850; East Chatham Corp. v Iacovone, 26 AD2d 433), and the Supreme Court erred in denying the appellant's objections to the account.


Summaries of

Crossland Savings Bank, v. 65 Lenox Road

Appellate Division of the Supreme Court of New York, Second Department
Oct 21, 1996
232 A.D.2d 520 (N.Y. App. Div. 1996)
Case details for

Crossland Savings Bank, v. 65 Lenox Road

Case Details

Full title:CROSSLAND SAVINGS BANK, FSB, Plaintiff, v. 65 LENOX ROAD OWNERS…

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

Date published: Oct 21, 1996

Citations

232 A.D.2d 520 (N.Y. App. Div. 1996)
648 N.Y.S.2d 973

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