In Re Consolidated Operating Partners L.P.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• looking to state usury statute to determine validity of default interest term
• allowing 14 percent default rate in 3 The civil usury rate of 16 percent does not apply to businesses. See N.Y. General Obligations Law § 5-521(1) (“no corporation shall hereafter interpose the defense of usury in any action”
• court “not required in all cases to apply a contractual default rate of interest”

Source: CourtListener parenthetical corpus (CC0).