In re Arbitration between Microtran Co. & Edelstein

Judgment (denominated an order), entered April 22, 1968, unanimously reversed, on the law, with $30 costs and disbursements to respondent-appellant, and petition for stay of arbitration dismissed. The 1959 agreement entered into by each of the stockholders and the corporation provided, inter alia, for the purchase by the corporation under certain conditions of the stock of a stockholder. The individual stockholders in 1963 entered into an agreement relative to existing insurance policies insuring the respective lives of the parties and such agreement containd provisions that the proceeds of…