[DOWNLOAD] "Max Eisen v. John Post" by Court of Appeals of New York ~ eBook PDF Kindle ePub Free
eBook details
- Title: Max Eisen v. John Post
- Author : Court of Appeals of New York
- Release Date : January 06, 1957
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 55 KB
Description
[3 N.Y.2d 518 Page 522] This is a derivative action brought by Max Eisen, owner of 50% of the stock of Senior Estate, Ltd., a real estate corporation,
primarily to set aside the sale of a sublease by said corporation through its officers John Post, Jr., and Anita Post Litsky,
to defendant Louis Schweitzer. The sublease was of the Theatre de Lys located in Greenwich Village, New York City. While several
causes of action were pleaded and tried below, the sole ground upon which the transfer is assailed in this court is that it
was consummated without stockholder consent as required by section 20 of the Stock Corporation Law which provides, in part:
"A stock corporation * * * may voluntarily sell, lease or exchange its property, rights, privileges and franchises, or any
interest therein or any part thereof; provided, however, that if such sale, lease or exchange is not made in the regular course
of [3 N.Y.2d 518 Page 523]
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