Burg v. Burg Trucking Corp.

The defendant corporation moves for reargument of its motion made pursuant to section 61-b of the General Corporation Law and its motion for relief pursuant to rules 106 and 107 of the Buies of Civil Practice. The motions for reargument are granted. The orders of March 9, 1960 are withdrawn. Plaintiff complained of a transfer of assets in violation of sections 20 and 45 of the Stock Corporation Law. There is no allegation of unfair consideration, bad faith, fraud or breach of duty other than violation of the mentioned statutes. Minority stockholders are not necessarily limited to redress…