Valando v. Data Boutique, Ltd.

Petitioner is a one-third shareholder in respondent Data Boutique, Ltd., a business corporation incorporated under the laws of the State of Hew York. A special meeting of the shareholders of that corporation was duly called for March 10, 1971, and the notice of that meeting specified certain corporate actions to be considered and voted upon. Prior to that meeting, in accordance with section 623 of the Business Corporation Law, petitioner filed written objections to the proposals contemplated for action at that meeting and notified the corporation and the other shareholders that in the event…