Strope v. Albany Steel & Iron Supply Co.

This is an action for a penalty brought pursuant to section 77 of the Stock Corporation Law. The plaintiff moved for judgment on the pleadings, and rested his case without offering any proof. The defendant likewise offered no proof and moved for judgment dismissing the complaint.

The plaintiff alleges that he is a stockholder of the defendant corporation, owning more than three per cent of the total of its capital stock; that F. Arthur Hunsdorfer was and now is the treasurer of said corporation; that on or about the 10th day of February, 1936, he made a written request of said P. Arthur…