Liquidators have more certainty about their ability to disclaim the environmental liabilities and responsibilities of a company in liquidation.

Ground leases are fairly common but sometimes overlooked property interests. A succinct but adequate definition of a ground lease was articulated by Herbert Thorndike Tiffany (Tiffany on Real Property § 85.50 [3d ed.]) as follows:

The liquidators were not bound to cause Linc to comply with the EPO from the date of the disclaimer.