Legal Opinion
Martin v. Martin Foundation, Inc.
New York Supreme Court
Decided January 31, 1962PublishedCited by 3 opinions
1Opinion of the CourtSamuel Hofstadteb, J.
The petitioner, a member and director of the Martin Foundation, Inc. (Foundation), a membership corporation, seeks an order for the inspection and examination of its books and records, as well as those of Martinall Industries, Inc. (Martinall), a Delaware corporation, 50% of whose capital stock is owned by the Foundation. The estate of her late husband, Lester Martin, of which she and three of the individual respondents in this proceeding are executors, own additionally approximately 5.9% of the capital stock of Martinall.
As a director of the Foundation the petitioner has an absolute right to…
2Cases cited3 opinions
- MATTER OF COHEN v. Cocoline Prods.New York Court of Appeals · 1955
- Matter of Davids v. SillcoxNew York Court of Appeals · 1948
- In re HitchcockAppellate Division of the Supreme Court of the State of New York · 1912
3Cited by3 opinions
- Hyman v. Jewish Chronic Disease HospitalNew York Court of Appeals · 1965
- Levine v. Pat-Plaza Amusements, Inc.New York Supreme Court · 1971
- Hyman v. Jewish Chronic Disease HospitalNew York Court of Appeals · 1965