In re Kokol

Appellate Division of the Supreme Court of New York

In re Kokol

275 A.D.2d 1021

CourtAppellate Division of the Supreme Court of the State of New York

DecidedOctober 3, 1949

StatusPublished

This text of 275 A.D.2d 1021 (In re Kokol) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

In re Kokol, 275 A.D.2d 1021 (N.Y. Ct. App. 1949).

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Opinion

Per Curiam:

On undisputed facts in this record, dissolution of Paramount Pictures, Inc., and distribution of the stock of new companies prorata among the stockholders pursuant to the so-called “consent” decree of the Federal court entered after ten years of litigation, was not in substance a voluntary sale or transfer so as to make applicable section 20 of the Stock Corporation Law requiring appraisal of the objecting petitioner’s stock.

The order appealed from appointing appraisers to appraise petitioner’s stock should be reversed, the petitioner’s motion denied, and the petition dismissed, with costs.

Peck, P. J., Dore, Cohn, Callahan and Shientag, JJ., concur.

. Order unanimously reversed, with $20 costs and disbursements to the appellant, the motion denied and the petition dismissed, with costs.

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Per Curiam:

On undisputed facts in this record, dissolution of Paramount Pictures, Inc., and distribution of the stock of new companies prorata among the stockholders pursuant to the so-called “consent” decree of the Federal court entered after ten years of litigation, was not in substance a voluntary sale or transfer so as to make applicable section 20 of the Stock Corporation Law requiring appraisal of the objecting petitioner’s stock.

The order appealed from appointing appraisers to appraise petitioner’s stock should be reversed, the petitioner’s motion denied, and the petition dismissed, with costs.

Peck, P. J., Dore, Cohn, Callahan and Shientag, JJ., concur.

. Order unanimously reversed, with $20 costs and disbursements to the appellant, the motion denied and the petition dismissed, with costs.

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Bluebook (online)

275 A.D.2d 1021, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-kokol-nyappdiv-1949.