| Court: | Southern District of NY |
| Facts: | Resolution Trust Corp is formed to deal with failing S&Ls. They wind up taking over a lot of apartment buildings. They need to sell them to get money, so they are supposed to get the max. This means they would like to evict rent-controlled folks (disaffirm rent-controlled leases). |
| Posture: | Not known |
| Issue: | Can they bump "statutory tenancies?" |
| Holding: | No. |
| Rule: | These people don't only have leases. |
| Reasoning: | RTC can disavow leases, but this is an occupancy right created by New York and independent of any lease. |
| Dicta: | |