This action was commenced in the name of Clinton Corner H.D.F.C. (the Corporation), a low-income cooperative housing corporation, by Stepper, who was retained by a group of shareholders purporting to constitute the Corporation's lawful Board of Directors. Defendants are comprised of a second group of shareholders who also claimed to be the Corporation's lawful Board of Directors. The merits of this underlying dispute are not at contention herein.
The issue of the...
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