119 N.Y.S. 295 | N.Y. App. Div. | 1909
The proceeding in which the petitioner has been permitted to intervene was instituted under the provisions of section 27 of the General Corporation Law (Gen. Laws, chap. 36; Laws of 1892, chap. 687), now section 32 of chapter 23 of the Consolidated Laws (Laws of 1909, chap; 28), on the 18th day of January, 1909, by Barnes who was a stockholder of the Cottonwood Creek Copper Company, a domestic corporation, to annul an election of directors held in the month of October, 1908. The statute under which the proceeding was instituted provides as follows:
“ The Supreme Court shall, upon the application of any person or corporation aggrieved by or complaining of any election of any corporation, or any proceeding, act or matter touching the same, upon notice thereof to the adverse party, or to those to be affected thereby, forthwith and in a summary way, hear the affidavits, proofs and allegations of the parties, or otherwise inquire into the matters or causes of complaint, and establish the election or order a new election, or make such order and give such relief as right and justice may require.”
The petition upon which the order from which the appeal was taken was made was dated and verified the 24th day of July, 1909, and in it the petitioner shows that she was on the dote thereof the owner of twenty shares of the capital stock of the corporation. The petitioner does not show when she became a stockholder of the corporation otherwise than by showing that she was a stockholder on the 24th day of July, 1909. She does not show from whom she obtained her stock or whether, if she owned it at the time of the
It must be shown that he or his assignor was either deprived of that right or opposed the action taken or refrained from exercising the right on the assumption that the proceedings would be conducted legally, and instead of being so conducted, they were taken illegally. We are of opinion, therefore, that the petitioner fails to show either that she was aggrieved by the action taken or that she had a right to complain thereof.
It follows that the order should be reversed, with ten dollars costs and disbursements, and application denied, with ten dollars costs.
Ingraham, Clarke, Houghton and Scott, JJ., concurred.
Order reversed, with ten dollars costs and disbursements, and motion denied, with ten dollars costs.