Legal Opinion
In re Kunin
Appellate Division of the Supreme Court of the State of New York
Decided May 12, 1953PublishedCited by 9 opinions
1Per curiam
On this record we believe that respondent, Title Guarantee and Trust Company, made the transfers here in question in good faith and for a purpose that the directors and officers considered was for the best interests of the corporation and the stockholders. Petitioners appellants, however, owning a total of 5,800 shares of respondent’s stock and owners of many shares for years, objected and disapproved the transfers and demanded an appraisal of their stock and payment to them of the determined value thereof.
The transfer was made on the approval of over two thirds of the stockholders of the…
2Cases cited1 opinion
- Matter of Miglietta (2660 Broadway Corp.)New York Court of Appeals · 1942
3Cited by9 opinions
- Goods v. Lackawanna Leather Co.s.New Jersey Superior Court Appellate Division · 1967
- Merrell-Benco Agency, LLC v. HSBC Bank USAAppellate Division of the Supreme Court of the State of New York · 2005
- Eisen v. PostNew York Court of Appeals · 1957
- Sasseen v. Danco Industries, Inc.Appellate Division of the Supreme Court of the State of New York · 1964
- TIC Holdings, LLC v. HR Software Acquisition Group, Inc.New York Supreme Court · 2002
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