Eklund v. Pinkey

Appeal from an order of the Supreme Court (Coccoma, J.), entered November 21, 2005 in Delaware County, which, inter alia, declared that a restriction on the transfer of certain stock applied only to voluntary transfers.

As described more fully in our decision in a prior related action (Eklund v Pinkey, 27 AD3d 878 [2006]), the parties are family members who own shares in four closely-held corporations. Under the bylaws of each corporation, the parties’ shares are subject to a covenant restricting their transferability by giving first the corporation and then the other shareholders the right to…