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KATZOWITZ v. SIDLER

24 N.Y.2d 512 (1969)

Isador Katzowitz, Appellant, v. Jacob Sidler et al., Respondents.

Court of Appeals of the State of New York.

Decided April 23, 1969.

Attorney(s) appearing for the Case

William J. Greer and Emery M. Anderson for appellant.

Joseph Kooperman for respondents.

Judges BURKE, SCILEPPI, BERGAN, BREITEL and JASEN concur with Judge KEATING; Chief Judge FULD dissents and votes to affirm on the opinion at the Appellate Division.

KEATING, J.

Isador Katzowitz is a director and stockholder of a close corporation. Two other persons, Jacob Sidler and Max Lasker, own the remaining securities and, with Katzowitz, comprise Sulburn Holding Corp.'s board of directors. Sulburn was organized in 1955 to supply propane gas to three other corporations controlled by these men.1 Sulburn's certificate of incorporation authorized...

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