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CRESCENT PK. TENANTS ASSOC. v. REALTY EQ. CORP. OF N.Y.

58 N.J. 98 (1971)

275 A.2d 433

CRESCENT PARK TENANTS ASSOCIATION, A NONPROFIT CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF-APPELLANT, v. REALTY EQUITIES CORP. OF NEW YORK AND R.E. MATAWAN CORP., A WHOLLY OWNED SUBSIDIARY OF REALTY EQUITIES CORP. OF NEW YORK, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided March 22, 1971.

Attorney(s) appearing for the Case

Mr. Carl R. Soller argued the cause for appellant (Messrs. Barr, Kaplus, Cohen & Friedland, attorneys; Mr. Jerry N. Friedland, on the brief).

Mr. Gerald A. Liloia argued the cause for respondents (Messrs. Riker, Danzig, Scherer & Brown, attorneys; Mr. Alvin Weiss, of counsel).

The opinion of the Court was delivered by JACOBS, J.

The Chancery Division dismissed the plaintiff's complaint for lack of standing. An appeal was taken to the Appellate Division and we certified before argument there.

The plaintiff Association is a nonprofit organization which was incorporated in 1969 pursuant to the terms of N.J.S.A. 15:1-1 et seq. It was created for the protection and mutual benefit of the tenants residing in the Crescent...

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