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COHEN v. LENOBLE

50 A.D.3d 321 (2008)

854 N.Y.S.2d 715

J. RICHARD COHEN et al., Appellants, v. PAUL LENOBLE et al., Respondents, et al., Defendant.

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

Decided April 3, 2008.

As there are no restrictions on the disposition of shares in the subject close corporation's corporate documents, the LeNobles have the right to sell to Clarett or to whomever they wish (see Borden v Guthrie, 23 A.D.2d 313, 319 [1965], affd 17 N.Y.2d 571 [1966]; Leviton Mfg. Co. v Blumberg, 242 A.D.2d 205, 207-208 [1997]). That the sale will result...

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