Elniski v. Niagara Falls Coach Lines, Inc.

*1723We reject petitioner’s contention that Supreme Court erred in setting the terms and conditions of the transfer of her shares. A trial court has discretion in setting the terms and conditions by which the shares of a minority shareholder are transferred in these circumstances, such as by establishing a payment schedule or by requiring that a bond or other acceptable security instrument be posted (see Matter of Cortland MHP Assoc. [Petralia — Burnham], 267 AD2d 1013, 1013-1014 [1999]; Matter of Penepent Corp. [appeal No. 11], 198 AD2d 782, 783 [1993], lv denied 83 NY2d 797 [1994]; Matter of…