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FENDER v. PRESCOTT

64 N.Y.2d 1077 (1985)

T. D. Fender, Respondent, v. T. Gene Prescott, Appellant, et al., Defendant.

Court of Appeals of the State of New York.

Decided April 25, 1985.

Attorney(s) appearing for the Case

Owen McGivern, Allan R. Freedman and Beth A. Finley for appellant.

Edward N. Meyer, Robert E. Kushner and Vicki L. Dexter for respondent.

Chief Judge WACHTLER and Judges JASEN, MEYER, SIMONS, KAYE and ALEXANDER concur in memorandum.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs, and the certified question answered in the affirmative.

Execution of a buy-sell agreement between plaintiff and defendant with respect to the stock of National Cold Storage Co., Inc., did not automatically release defendant from his obligation as a shareholder, officer and director of that...

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