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CHEM. BANK v. COLONNA

208 A.D.2d 583 (1994)

618 N.Y.S.2d 243

Chemical Bank, Respondent, v. Delores Colonna, Appellant, et al., Defendants

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

October 11, 1994

Ordered that the order is affirmed, with costs.

The Supreme Court correctly dismissed the appellant Dolores Colonna's counterclaim for failure to comply with Business Corporation Law § 909. While the statute requires, inter alia, that approval of the board of directors and two-thirds of the shareholders is necessary for the conveyance of all or substantially all of the assets of a corporation, it further provides...

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