In re Duer

Rhodes, J. (dissenting).

Appeal by the liquidating directors and trustees in dissolution from an order made in dissolution proceedings at a Special Term of Supreme Court, Rensselaer county, in so far as such order determines that the respondent is entitled to receive from the petitioners herein certificates of participating preferred stock in exchange for respondent’s preferred. stock, and that respondent is entitled to receive out of the moneys in the hands of petitioners seventeen dollars per share upon each share of participating stock directed to be issued to respondent, and which further…