New York State Railways v. Security Trust Co.

How courts have described this case

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

• concluding that a perpetual lease is the substantial equivalent of a fee reserving rent
• ruling that a perpetual lease, with power to re-enter for nonpayment of rent, is the equivalent of a fee reserving rent, and the property should be taxed to the lessee as owner

Source: CourtListener parenthetical corpus (CC0).