Siebenmann v. Baum

This is a motion pursuant to section 25 of the General Corporation Law to set aside the election of directors on the ground that the corporation failed to comply with the law as regards nomination and election of directors.

It is alleged that a meeting of the Great American Realty Corp. was called for July 3, 1961 at 10:00 a.m. for the purpose of electing three directors and to transact such other business as may come before the meeting.

The dissident stockholders of which petitioner is one, raised a protest concerning the failure of the corporation to elect 11 directors instead of 3. Other…