By: Daily Record Staff//October 17, 2011
By: Daily Record Staff//October 17, 2011//
NYS Advisory Committee on Judicial Ethics
Extra Judicial Activities
Background: An attorney waiting on confirmation of his appointment to judicial office inquires as to whether he may serve as an officer of family corporations after assuming the bench. The inquirer is an equal shareholder with close relatives of closely held corporations that own real estate. Each corporation in which he is an officer has, as its sole asset, one commercial building and parking lot occupied by one commercial tenant.
Opinion: A judge may serve an officer of family corporations that invest in real estate. However, should a non-family member purchase shares in any of the family corporations in which the inquirer is an officer, the judge may no longer serve as an officer of that corporation.