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ABBOTT v. HULLETTS ISLAND VIEW MARINA & YACHT CLUB, INC.

241 A.D.2d 658 (1997)

659 N.Y.S.2d 935

Mary A. Abbott, Appellant, v. Hulletts Island View Marina & Yacht Club, Inc., et al., Respondents

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

July 10, 1997

Mikoll, J. P.

Defendant Hulletts Island View Marina & Yacht Club, Inc. (hereinafter the corporation) is a closely held corporation operating a marina on Lake George in the Town of Dresden, Washington County, for the benefit of its shareholders. When the corporation purchased the marina from plaintiff in 1987 she was given one share of its stock. Plaintiff also held a purchase-money mortgage against the marina property. The corporation's bylaws provided...

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