MATTER OF BOWMAN (SAXON INDS.)


98 Misc.2d 1028 (1978)

In the Matter of Sidney Z. Bowman, Petitioner. Saxon Industries, Inc., Respondent.

Supreme Court, Special Term, New York County.

December 15, 1978


Attorney(s) appearing for the Case

Ballon, Stoll & Itzler for petitioner. Baskin & Sears for respondent.


EDWARD J. GREENFIELD, J.

This proceeding appears to raise an issue of first impression, to wit: whether under the Business Corporation Law, the right of a stockholder who objects to a proposed merger or certain other specified corporate action to receive payment of the fair value of his shares is confined to stockholders of record or whether the right is also available to objecting stockholders whose shares...

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