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George W. Loft Sec. Corp. v. Tobacco Products

Appellate Division of the Supreme Court of New York, Second Department
Jul 1, 1934
242 App. Div. 710 (N.Y. App. Div. 1934)

Opinion

July, 1934.


Order granting plaintiff's motion for summary judgment under rule 113 of the Rules of Civil Practice and the judgment entered thereon reversed on the law and the facts, with ten dollars costs and disbursements, and motion denied, with ten dollars costs. In our opinion, the plaintiff, not having become a party to the plan by the deposit of its securities, cannot reap the benefits thereof and is limited to the provisions of the corporation charter governing dissolution. Young, Kapper, Tompkins and Davis, JJ., concur; Lazansky, P.J., concurs in result.


Summaries of

George W. Loft Sec. Corp. v. Tobacco Products

Appellate Division of the Supreme Court of New York, Second Department
Jul 1, 1934
242 App. Div. 710 (N.Y. App. Div. 1934)
Case details for

George W. Loft Sec. Corp. v. Tobacco Products

Case Details

Full title:GEORGE W. LOFT SECURITIES CORPORATION, Respondent, v. TOBACCO PRODUCTS…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Jul 1, 1934

Citations

242 App. Div. 710 (N.Y. App. Div. 1934)