Case Name: In the Matter of Max Rosenman et al., Respondents, v. Seafood City, Inc., Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1966-10-27
Citations: 26 A.D.2d 817
Docket Number: 
Parties: In the Matter of Max Rosenman et al., Respondents, v. Seafood City, Inc., Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 26
Pages: 817–818

Head Matter:
In the Matter of Max Rosenman et al., Respondents, v. Seafood City, Inc., Appellant.

Opinion:
Judgment, denominated an order, in proceeding under article 78 of CPLR granting petitioner stockholders an examination of the books of account of respondent corporation unanimously affirmed, with $50 costs and disbursements to petitioners-respondents. In affirming, the court notes that Special Term was not correct in referring to Mr. Riehman as a director of the corporation in question. But this makes no difference. On general principles applicable to a close corporation with petitioners owning, concededly, at least 49% of the stock, and without a satisfactory showing of bad faith on their part, petitioners were entitled to the relief sought (Matter of Mook v. American Fabrics Co., 24 A D 2d 971). Concur — Breitel, J. P., Rabin, McNally, Steuer and Capozzoli, JJ.