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18 E. 48TH ST. CORP. v. STATE

19 A.D.2d 940 (1963)

18 East 48th Street Corporation, Respondent, v. State of New York, Appellant. (Claim No. 40449.)

Appellate Division of the Supreme Court of the State of New York, Third Department.

November 26, 1963

The claimant, a New York corporation, was originally organized with a capitalization of 200 shares of stock. In November, 1961 the board of directors of the corporation resolved to split the corporate stock from 200 to 31,567 shares. A certificate of amendment, indicating an increase — not a stock split — in the number of shares, was prepared and duly filed with the Secretary of State, together with a payment of $1...

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