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TURK v. ANELLO

280 A.D.2d 819 (2001)

721 N.Y.S.2d 122

NATHAN M. TURK, Appellant, v. ANNA ANELLO, as Executor of SALVATORE ANELLO, Deceased, et al., Respondents.

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

Decided February 8, 2001.

Crew III, J.

In March 1989, plaintiff and Salvatore Anello (hereinafter decedent)1 formed Sandt Technology, Ltd., a New York corporation established to develop payphone security devices. Shortly thereafter, in August 1989, plaintiff and decedent executed a "confidential interim shareholder's agreement," pursuant to the terms of which plaintiff, decedent and defendant Albert Diaz each were given one-third ownership in the corporation.

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