In re Metropolitan Broadcasting Corp.

Appellate Division of the Supreme Court of New York

In re Metropolitan Broadcasting Corp.

252 A.D. 758, 298 N.Y.S. 889, 1937 N.Y. App. Div. LEXIS 6174

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

DecidedOctober 8, 1937

StatusPublished

This text of 252 A.D. 758 (In re Metropolitan Broadcasting Corp.) 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 Metropolitan Broadcasting Corp., 252 A.D. 758, 298 N.Y.S. 889, 1937 N.Y. App. Div. LEXIS 6174 (N.Y. Ct. App. 1937).

Pincite

Opinion

Order as resettled, denying the application of the receiver for an order approving a sale of the property and rights of the Metropolitan Broadcasting Corp., in voluntary dissolution, affirmed, without costs, and without prejudice to the right of the receiver to renew the motion at any time if conditions change and no better offer is made. As there are no creditors [759]*759and the only two stockholders of the corporation object to the proposed sale and thereby assume the responsibility and risk of losing substantial property rights, the courts will not at present intervene with positive directions to the receiver. Hagarty, Carswell, Davis, Adel and Taylor, JJ., concur.

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Order as resettled, denying the application of the receiver for an order approving a sale of the property and rights of the Metropolitan Broadcasting Corp., in voluntary dissolution, affirmed, without costs, and without prejudice to the right of the receiver to renew the motion at any time if conditions change and no better offer is made. As there are no creditors [759]*759and the only two stockholders of the corporation object to the proposed sale and thereby assume the responsibility and risk of losing substantial property rights, the courts will not at present intervene with positive directions to the receiver. Hagarty, Carswell, Davis, Adel and Taylor, JJ., concur.

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Bluebook (online)

252 A.D. 758, 298 N.Y.S. 889, 1937 N.Y. App. Div. LEXIS 6174, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-metropolitan-broadcasting-corp-nyappdiv-1937.