Katzowitz v. Sidler
New York Court of Appeals
1Opinion of the CourtKeating, J.
Isador Katzowitz is a director and stockholder of a close corporation. Two other persons, Jacob Sidler and Max Lasker, own the remaining securities and, with Katzowitz, comprise Sulburn Holding Corp.’s board of directors. Sulburn was organized in 195'5 to supply propane gas to three other corporations controlled by these men.1 Sulburn’s certificate of incorporation authorized it to issue 1,000 shares of no par value stock for which the incorporators established a $100 selling price. Katzowitz, Sidler and Lasker each invested $500 and received five shares of the corporation’s stock.
The three…
2Cases cited18 opinions
- Pollitz v. . Wabash R.R. Co.New York Court of Appeals · 1912
- Gray v. President of the Portland BankMassachusetts Supreme Judicial Court · 1807
- Stokes v. . Continental Trust Co.New York Court of Appeals · 1906
- Blaustein v. Pan American Petroleum & Transport Co.New York Court of Appeals · 1944
- Hammer v. WernerAppellate Division of the Supreme Court of the State of New York · 1933
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3Cited by13 opinions
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- Fiala v. Metropolitan Life InsuranceAppellate Division of the Supreme Court of the State of New York · 2004
- Barsam v. Pure Tech International, Inc.District Court, S.D. New York · 1994
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