We agree with the motion court that the results of the purported election conducted at a general shareholders' meeting held on April 29, 1995 should be vacated, there being no merit to appellant's claim that the notice circulated by petitioners rescheduling that meeting was invalid. While the leaseback agreement may be violative of Business Corporation Law § 609 (e), inasmuch as appellant presented no evidence that the alleged illegal proxies obtained as a result of...
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