Matter of Cantor

In January, 1932, an agreement for the merger of the Manufacturers Trust Company and the Chatham-Phenix National Bank and Trust Company was “ submitted to the stockholders or shareholders of each of such corporations at a meeting thereof ” called upon due notice. It was approved by the vote “ of the stockholders or shareholders owning at least two-thirds in amount of the stock of their respective corporations,” as required by section 490 of the Banking Law (Cons. Laws, ch. 2). The petitioner is a stockholder of the Manufacturers Trust Company. He did not vote in favor of the agreement of…