Category: conditions precent

New York Court of Appeals Examines the Enforceability of a Contract’s Two-Year Suit Limitation Period

Dec 2 2024

By: Jeffrey M. Haber In Farage v. Associated Ins. Mgt. Corp., 2024 N.Y. Slip Op. 05875 (Nov. 26, 2024) (here), the New York Court of Appeals examined the enforceability of …

May 1 2023

By: Jeffrey M. Haber New York’s Business Corporation Law (“BCL”) § 630(a) provides that “[t]he ten largest shareholders,” of a corporation are “personally liable”, “jointly and severally”, “for all debts, …

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Category: conditions precent

New York Court of Appeals Examines the Enforceability of a Contract’s Two-Year Suit Limitation Period

BCL § 630(a): The 10 Largest Shareholders and Suing for Compensation