Legal Opinion
In re the Estate of Spaziani
New York Surrogate's Court
Decided October 9, 1984PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Hugh A. Gilbert, J.
Issues of significant concern to practicing attorneys involved in either corporate or estate practice are raised herein. The question is raised herein as to whether a restriction on the transferability of stock binds the personal representative of a deceased stockholder.
The decedent, Vincent Spaziani, was 1 of the 5 original subscribers to the certificate of incorporation of Spaziani Bakeries, Inc. Paragraph eleventh of the certificate states that “No certificate of stock or any interest therein of this corporation shall be transferred to any person,…
2Cases cited24 opinions
- American Broadcasting Companies, Inc. v. WolfNew York Court of Appeals · 1981
- Allen v. Biltmore Tissue Corp.New York Court of Appeals · 1957
- Penthouse Properties, Inc. v. 1158 Fifth Avenue, Inc.Appellate Division of the Supreme Court of the State of New York · 1939
- Matter of Petition of Argus Co.New York Court of Appeals · 1893
- People Ex Rel. Winchester v. . ColemanNew York Court of Appeals · 1892
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3Cited by2 opinions
- Kerr v. Porvenir Corp.New Mexico Court of Appeals · 1994
- Avrett and Ledbetter Roofing and Heating Co. v. PhillipsCourt of Appeals of North Carolina · 1987