Court Opinion

ID: 9885598
Source: CourtListenerOpinion
Date Created: 2023-10-06 13:07:58.881731+00
Date Added: 2024-06-11T07:48:55.264885
License: Public Domain

Froessel, J.
(dissenting). I dissent. The rule is well settled that ordinarily a party who accepts the benefit of a judgment or order thereby waives his right to appeal therefrom (Alexander v. Alexander, 104 N. Y. 643; Matter of City of New York [Court House], 216 N. Y. 489, 491, 492). That rule is not *20applicable to appeals in condemnation proceedings (Matter of New York & H. R. R. Co., 98 N. Y. 12, 18; Matter of City of New York [Court House], supra), nor in exceptional situations where in effect we are dealing with different claims in the same judgment (Goepel v. Kurts Action Co., 216 N. Y. 343 [goods sold and loss of profits]; Mellen v. Mellen, 137 N. Y. 606 [separate interests in a partition action]).
Here each claim is one and indivisible, its disposition is directly challenged by the notice of appeal, and the prosecution thereof is governed by a statute, which should be interpreted to mean what it says. Subdivision 6 of section 21 of the Stock Corporation Law provides that in a situation as we have here, the only right of dissenting stockholders is “ the right to receive payment for the value [of their stock] as in this section provided ” (emphasis supplied). That value was fixed by the Supreme Court. When, pursuant to that court’s order, appellants voluntarily received “ such payment ” from respondent, and at the same time sold, assigned and transferred the shares represented by their certificates, indorsing and physically surrendering same unconditionally, they ceased, under subdivision 7 of section 21, “ to have any interest in the corporation or its assets by reason of * * * ownership of the stock so paid for ” (emphasis supplied). Their appeals were properly dismissed.
Loughban, Ch. J., Lewis, Desmond and Fuld, JJ., concur with Dye, J.; Froessel, J., dissents in opinion in which Conway, J., concurs.
Order reversed, etc. [See 305 N. Y. 626.]