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MTR. OF LIPE-ROLLWAY CORP. v. SELIGSON

59 Misc.2d 805 (1969)

In the Matter of Lipe-Rollway Corporation, Petitioner, v. Julius Seligson et al., Respondents.

Supreme Court, Onondaga County.

March 14, 1969

Attorney(s) appearing for the Case

Hancock, Ryan, Shove & Hust for petitioner. Shea, Gallop, Climenko & Gould for respondents.

FRANCIS R. MORAN, J.

This is a special proceeding under section 623 of the Business Corporation Law to determine the value of respondents' common shares of stock of Lipe-Rollway Corporation. The respondents dissented from a proposed recapitalization of this corporation. The court is satisfied that the remaining respondents have complied with the notice conditions set out in section 623 of the Business Corporation Law and are entitled to receive payment...

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