People v. Grasso
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
McGuire, J.
The principal issue on this appeal, and one that divides this Court, is how N-PCL 720 (b) should be construed. That provision authorizes the Attorney General to bring an action against directors or officers of a not-for-profit corporation for various forms of misconduct that injure the corporation. The interpretive issue before this Court is one that the text of N-PCL 720 (b) does not purport to address. That issue is this: if the not-for-profit corporation merges into and is succeeded by a for-profit entity, does the Attorney General continue to have authority…
2Cases cited45 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Zadvydas v. DavisSupreme Court of the United States · 2001
- Allen v. WrightSupreme Court of the United States · 1984
- Bennett v. SpearSupreme Court of the United States · 1997
- Jones v. United StatesSupreme Court of the United States · 1999
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3Cited by14 opinions
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- Cortlandt Street Recovery Corp. v. Hellas TelecommunicationsNew York Supreme Court · 2014
- Roddy v. Nederlander Producing Co. of AmericaAppellate Division of the Supreme Court of the State of New York · 2010
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