Dye v. Lewis

This motion by defendants Lewis is based upon the claimed valid action of a majority of the bondholders in removing the above-named plaintiffs as trustees and appointing successor trustees effective July 30, 1971. The history of the trust and the relevant facts respecting the within action have been detailed in the decision of the court dated August 27,1971. (67 Misc 2d 426.)

*433Following various proceedings, this court by order dated January 19, 1971 accepted the resignation of the prior trustees and declared the above plaintiffs successor trustees. This mortgage foreclosure action was then…