MATTER OF MENSCHEL v. FLUFFY REST., INC.


75 A.D.2d 525 (1980)

In the Matter of Andrew Menschel, as Shareholder of Fluffy Restaurant, Inc., Appellant, v. Fluffy Restaurant, Inc., Respondent

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

April 10, 1980


There must be a determination of petitioner's claim to be a stockholder in Fluffy. On the present record, that presents issues of fact which must be determined on a trial. To dismiss this appraisal proceeding as premature and relegate petitioner to the plenary action for determination of whether he is a stockholder involve these disadvantages: (a) The period for bringing the appraisal proceeding (Business Corporation Law, § 623, subd [h], par [2]) will have expired and...

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