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KYLE v. KYLE

111 A.D.2d 537 (1985)

Jane A. Kyle, as Executrix of Arthur C. Kyle, Jr., Deceased, et al., Respondents-Appellants, v. David A. Kyle, Appellant-Respondent; Fred G. Hartman, Respondent-Appellant, et al., Defendant. (Action No. 1.) Fred G. Hartman, Respondent-Appellant, v. St. Lawrence Radio, Inc., Defendant; David A. Kyle, Appellant-Respondent, and Jane Kyle, Respondent-Appellant. (Action No. 2.)

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

May 23, 1985

Casey, J.

These actions arose out of a dispute as to the majority ownership of the stock in a closely held corporation which has as its major asset a radio station in the Town of Potsdam, St. Lawrence County. The corporation was formed in the early 1950s, pursuant to the former Stock Corporation Law. Defendant David Kyle (hereinafter defendant) was an initial director and officer of the corporation, and 100 shares of common stock were issued to him. Common...

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