Legal Opinion
Globe Slicing MacHine Co. v. Hasner
District Court, S.D. New York
Decided November 19, 1963PublishedCited by 1 opinion
1Opinion of the Court
THOMAS F. MURPHY, District Judge.
These are cross-motions for summary judgment. Jurisdiction is based on diverse citizenship and New York law is applicable.
The principal contested legal issue is whether the bylaws of the Globe Slicing Machine Company prohibiting the “sale or disposition” of shares of its capital stock without first giving the corporation or its other stockholders an opportunity to purchase are applicable to transfers consequent upon the death of a shareholder. On this issue the parties agree that there is no question of fact.
Globe was incorporated in New York in 1925. Its…
2Cases cited11 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Allen v. Biltmore Tissue Corp.New York Court of Appeals · 1957
- Benintendi v. Kenton Hotel, Inc.New York Court of Appeals · 1945
- Storer v. RipleyNew York Supreme Court · 1958
- In Re the Accounting of StarbuckNew York Court of Appeals · 1929
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3Cited by1 opinion
- In re the Estate of SpazianiNew York Surrogate's Court · 1984