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First published: Jan 2004
Trepel v. DiopBy Richard Siegler, Stroock & Stroock & Lavan This case reveals that a court will enforce a shareholder’s agreement given to induce a co-op to permit the transfer of shares and a proprietary lease to that person which in some manner restricts the use or occupancy of the apartment. Here, the court permitted only such access as was needed to sell the apartment, but without providing a key that would have afforded unlimited access to the apartment by the shareholder.
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