Court of Appeals of New York

In a condemnation proceeding in which the landowner claimed numerous woodworking tools as compensable trade fixtures, an order awarding compensation for the tools is reversed where: 1) the claimed items would not "lose substantial value" if removed from the premises; and 2) on remand the court could consider whether the items otherwise met the test for trade fixtures, under a three-pronged "annexation-adaptability-permanency" test

Appellate Information

• Decided 10/28/2008
• Published 10/28/2008

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Court

• Court of Appeals of New York

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