MATTER OF BREEZY POINT COOP., INC.


123 A.D.2d 354 (1986)

In the Matter of Breezy Point Cooperative, Inc., Appellant. Thomas Young, Respondent

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

September 15, 1986


Order reversed, on the law, without costs or disbursements, and proceeding dismissed.

It is well established that under the business judgment rule the courts are precluded from conducting an "inquiry into actions of corporate directors taken in good faith and in the exercise of honest judgment in the lawful and legitimate furtherance of corporate purposes" (Auerbach v Bennett, 47 N.Y.2d 619, 629; Matter of Grace v Grace...

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