Clement and Holly B. Wohlreich were both nonresidents of New York prior to and during the time of the events which are the subject of this proceeding. Clement J. Wohlreich owned a seat on the American Stock Exchange. As of September 6, 1968, Wohlreich became a general partner in the New York based partnership of Axelrod & Company. On April 23, 1969, Axelrod & Company and C. J. Wohlreich entered into a written agreement whereby Wohlreich conveyed to Axelrod & Company...
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