In re Fritsch , 257 A.D. 908 ( 1939 )

Order affirmed, with costs. Memorandum: In a proceeding by the appellant under section 25 of the General Corporation Law, to set aside the election of the individual respondent as a director of the respondent corporation, the Special Term had “ * * * discretionary power to confirm [the] election, or to order a new one ‘ as justice may require.’ ” (Matter of Kaminsky, 251 App. Div. 132, 139.) From our review of the record we agree with the Special Term that the weight of evidence favors the conclusion that papers essential to the transfer of eighty shares of stock from the estate of John A. Casey, deceased, to the executors' of Margaret Casey MeHale, were presented by the individual respondent for transfer and that such transfer was made prior to the stockholders’ meeting of November 18, 1936. We also conclude that the corporation by-law adopted in 1896, now invoked by the appellant, requiring the transfer books of the corporation to be closed thirty days before the regular annual election of directors, does not afford either a legal or equitable basis for this proceeding instituted April 13, 1938, to set aside the election of a director who was unanimously elected at a stockholders’ meeting held November 18, 1936. All concur. (The order denies an application to vacate the election of a corporate director.) Present — Sears, P. J., Crosby, Lewis, Taylor and Dowling, JJ.