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GLENS FALLS INS. v. BD. OF UNDERWRITERS

63 Misc.2d 989 (1970)

Glens Falls Insurance Company et al., Petitioners, v. National Board of Fire Underwriters Building Corporation, Respondent.

Supreme Court, Special Term, New York County.

August 4, 1970

Attorney(s) appearing for the Case

Kelley Drye Warren Clark Carr & Ellis (Richard J. Concannon of counsel), for petitioners. Shearman & Sterling (William B. Pennell of counsel), for respondent.

IRVING H. SAYPOL, J.

In this special proceeding (Business Corporation Law, § 623, subd. [h], par. [1]), the two petitioning corporate shareholders sue for appraisal and payment for their shares in the respondent corporation. Petitioners contend they are dissenting shareholders whose interests were allegedly adversely affected by majority shareholder action in amending the certificate of incorporation of...

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