Legal Opinion
In re Lawrence-Cedarhurst Bank
Appellate Division of the Supreme Court of the State of New York
Decided May 25, 1936PublishedCited by 5 opinions
1Opinion of the CourtDavis, J.
The proceeding is one brought under the provisions of section 25 of the General Corporation Law by three stockholders of The Lawrence-Cedarhurst Bank to set aside the election of directors at the annual meeting of stockholders on January 14, 1936. That bank had a capital stock of $250,000 and its affairs were managed by seven directors when on March 4, 1933, a general bank holiday was declared. The bank was closed by the Superintendent of Banks under the authority of statutes then in force. Examinations were made of the resources and liabilities and a present deficit of nearly $450,000 was…
2Cases cited4 opinions
- Doty v. LoveSupreme Court of the United States · 1935
- Grimmer v. . the Tenement House Dept. of the City of N.Y.New York Court of Appeals · 1912
- Matter of American Fibre Chair Seat Corp.New York Court of Appeals · 1934
- In re American Fibre Chair Seat Corp.Appellate Division of the Supreme Court of the State of New York · 1934
3Cited by5 opinions
- American Can Co. v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1971
- Normandie Oil Corp. v. Oil Trading Co.Court of Appeals of Texas · 1940
- Rochester Savings Bank v. County of MonroeNew York Supreme Court · 1938
- Hudson-Harlem Valley Title & Mortgage Co. v. WhiteNew York Supreme Court · 1937
- Normandie Oil Corp. v. Oil Trading Co.Court of Appeals of Texas · 1940