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SOHO GOLD, INC. v. 33 RECTOR ST. LTD.

227 A.D.2d 314 (1996)

642 N.Y.S.2d 684

Soho Gold, Inc., Respondent, v. 33 Rector Street Limited, Appellant, et al., Defendants

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

May 28, 1996

The IAS Court properly found that the sale of the subject building did not require shareholder authorization under Business Corporation Law § 909 or the contract, as it did not constitute the sale of "substantially all the assets" of the corporation and was made in the "usual or regular course of the business actually conducted" (§ 909 [a]; see, Matter of Roehner v Gracie Manor, 6 N.Y.2d...

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