Ordered that the judgment is reversed, on the law, without costs or disbursements, and it is declared that the transfer of Elliot Ryerson's 50 shares of stock to the plaintiff is null and void.
On November 12, 1988, Prospect Lake Conservation, Inc. (hereinafter PLCA), was incorporated as a not-for-profit corporation for the purpose of maintaining and preserving Franz's Lake in the Town of Tuxedo, Orange County. Pursuant to the charter and bylaws dated November 12...
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