In re Ideal Mutual Insurance

This is a proceeding brought under section 25 of the General Corporation Law to set aside the election of directors and officers of Ideal Mutual Insurance Company, who were chosen at the annual meeting on May 20, 1959. Special Term granted the motion, on the papers and without a formal hearing, vacated the election, reinstated the prior officers and directors, and ordered a new election under court supervision. Respondents appeal.

The findings contained in the comprehensive opinion at Special Term (18 Mise 2d 127) are fully justified by the record, and the undisputed facts that can be…