Legal Opinion
Allen v. Biltmore Tissue Corp.
New York Court of Appeals
Decided April 4, 1957PublishedCited by 79 opinions
1Opinion of the CourtFtjld, J.
The by-laws of defendant corporation give it an option to purchase, in case of the death of a stockholder, his shares of the corporate stock. The enforcibility of this option is one of the questions for decision.
Biltmore Tissue Corporation was organized under the Stock Corporation Law in 1932, with an authorized capitalization of 1,000 shares without par value, to manufacture and deal in paper and paper products. The by-laws, adopted by the incorporators-directors, contain provisions limiting the number of shares (originally 5, later 20) available to each stockholder (§ 28) and restricting…
2Cases cited18 opinions
- Palmer v. ChamberlinCourt of Appeals for the Fifth Circuit · 1951
- Penthouse Properties, Inc. v. 1158 Fifth Avenue, Inc.Appellate Division of the Supreme Court of the State of New York · 1939
- Longyear v. HardmanMassachusetts Supreme Judicial Court · 1914
- Doss v. YinglingIndiana Court of Appeals · 1930
- Hassel v. PohleAppellate Division of the Supreme Court of the State of New York · 1925
13 more not listed; retrieve them via the Exa API.
3Cited by79 opinions
- Brass v. American Film Technologies, Inc.Court of Appeals for the Second Circuit · 1993
- Metropolitan Transportation Authority v. Bruken Realty Corp.New York Court of Appeals · 1986
- Gallagher v. LambertNew York Court of Appeals · 1989
- Mather EstateSupreme Court of Pennsylvania · 1963
- Fed. Sec. L. Rep. P 94,594 Milton Forman and Ellen Forman v. Community Services, Inc.Court of Appeals for the Second Circuit · 1974
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