Wolf v. Roosevelt

Plaintiff is the owner of voting trust certificates of the Sherneth Corporation. This corporation was organized pursuant to a plan of reorganization for the 59th Street and 5th Avenue Corporation, then owner of the real property known as the Sherry Netherland Hotel. The plan of reorganization was part of the proceedings in the United States District Court under section 77B (now § 101 et seq.) of the Bankruptcy Act and it included an agreement for a voting trust of all of the shares of the Sherneth Corporation. The voting trust is dated as of January 2, 1936, and provides that it is to last…