Lowenkron v. Berkeley Cooperative Towers Sec. 11 Corp.

‘In a representative aetion by three of the subscribers to the capital stock of a co-operative housing corporation against the corporation and its five organizing directors, three of whom are its officers, (1) to enjoin defendants from taking title to the housing property which the corporation contracted to purchase and (2) to compel defendants to call a meeting of all the subscribers to elect a new board of directors, plaintiffs appeal from an order of the Supreme Court, Queens County, entered December 10, 1965, which in its first two decretal paragraphs denied plaintiffs’ motion for such…