Legal Opinion
Liebschutz v. Schaffer Stores Co.
Appellate Division of the Supreme Court of the State of New York
Decided November 14, 1951PublishedCited by 1 opinion
1Opinion of the CourtBergan, J.
Plaintiff in 1942 became the record owner of forty shares of $100 par value, 7% cumulative preferred stock of defendant corporation. The stock certificate held by plaintiff, and the corporation’s certificate authorizing the stock, provided that preferred stock might be redeemable “ at $110.00 per share ” on thirty days’ notice.
No dividends had been paid on the preferred stock for a period from January, 1930 to July, 1941, but had been paid after that time. No dividends had been paid during this period or subsequently on the two other classes of stock which for simplicity we will regard as…
2Cases cited5 opinions
- Zahn v. Transamerica CorporationCourt of Appeals for the Third Circuit · 1947
- McNulty v. W.& J.SloaneNew York Supreme Court · 1945
- Hastings v. International Paper Co.Appellate Division of the Supreme Court of the State of New York · 1919
- Matter of DuerNew York Court of Appeals · 1936
- Hackett v. Northern Pacific Railway Co.New York Supreme Court · 1901
3Cited by1 opinion
- United States v. Village Corporation, Pine Corporation, Chapel Corporation, and River CorporationCourt of Appeals for the Fourth Circuit · 1962