In re the Estate of Gifford
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtMahoney, P. J.
Appeal from an order of the Surrogate’s Court of Washington County (Leary, S.), entered May 28, 1987, which denied objections to petitioner’s accounting of decedent’s estate.
Gifford Construction Company was a closely held, family-owned company which had been incorporated in 1910. The corporate records reveal that minutes of the board of directors meetings have not been recorded since 1958. Petitioner, George Gifford, became a board member and treasurer of the company in 1951. In 1977, when petitioner’s father could no longer continue as president, the board members, consisting of petitioner,…
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