Business Judgment Rule

The Lattingtown Harbor Property Owners’ Association, Inc., (“POA”) entered into a license agreement, dated November 29, 2017, with another member, Peter Tully, granting an exclusive right to affix private docks to the POA’s community dock in exchange for a license fee and services provided to the POA by Tully’s construction company. Another member of the POA, Peter Beckerman, brought an
Continue Reading Appellate Division Affirms Annulment of License Agreement to Affix Private Dock to Property Owner’s Association Community Docks