LANDORF v. GLOTTSTEIN


131 Misc.2d 432 (1986)

Floyd Landorf, Plaintiff, v. William Glottstein et al., Defendants.

Supreme Court, Special Term, New York County.

March 13, 1986


Attorney(s) appearing for the Case

Weisman, Celler, Spett & Modlin for plaintiff. Weil, Gotshal & Manges for defendants.


EDWARD H. LEHNER, J.

The novel issue in this case is whether a person who, by reason of the provisions of a shareholders' agreement, is entitled to be elected treasurer and secretary of a close corporation, possesses certain powers or is required to be assigned specific duties (other than those prescribed by statute), absent any provision to such effect in the certificate of incorporation, the shareholders' agreement or the bylaws. This court holds that...

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