Legal Opinion
Friedman v. Beway Realty Corp.
New York Court of Appeals
Decided December 7, 1995PublishedCited by 41 opinions
1Opinion of the Court
OPINION OF THE COURT
Levine, J.
Petitioners are minority stockholders in nine family owned close corporations, each of which had as its sole asset a parcel of income-producing office, commercial or residential real estate in New York City. In 1986, the board of directors and the requisite majority of stockholders of each corporation voted to transfer all of its property to a newly formed partnership. Petitioners voted their shares against the transfers and, pursuant to Business Corporation Law § 623, timely elected to exercise their appraisal rights and receive the "fair value” of their shares…
2Cases cited14 opinions
- Washington Post Co. v. New York State Insurance DepartmentNew York Court of Appeals · 1984
- Blake v. Blake Agency, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
- Matter of Seagroatt Floral Co. Inc.(riccardi)New York Court of Appeals · 1991
- In Re Valuation of Common Stock of McLoon Oil Co.Supreme Judicial Court of Maine · 1989
- Matter of FultonNew York Court of Appeals · 1931
9 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- HMO-W INC. v. SSM Health Care SystemWisconsin Supreme Court · 2000
- Hansen v. 75 Ranch Co.Montana Supreme Court · 1998
- In Re the Dissolution of Penepent Corp.New York Court of Appeals · 2001
- In Re 75,629 Shares of Common Stock of Trapp Family Lodge, Inc.Supreme Court of Vermont · 1999
- Congel v. MalfitanoCourt for the Trial of Impeachments and Correction of Errors · 2018
36 more not listed; retrieve them via the Exa API.