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ROANOKE-FUNFGELD I. IRREVOCABLE TRUST v. ROANOKE SAND & GRAVEL CORP.

248 A.D.2d 455 (1998)

668 N.Y.S.2d 935

Roanoke-Funfgeld I. Irrevocable Trust et al., Appellants, v. Roanoke Sand and Gravel Corp. et al., Respondents

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

March 9, 1998

Ordered that the order is affirmed, with costs.

Contrary to the plaintiffs' contention, the Supreme Court properly dismissed the fifth and sixth causes of action in their complaint, inasmuch as the restrictions on the transfer of shares of the defendant corporation were reasonable in terms of price, duration, and purpose (see, Wildenstein & Co. v Wallis, 79 N.Y.2d 641). Similarly, the court properly dismissed the...

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