Business Judgment Rule Applies to Shareholder Eviction
1050 Tenants Corp. v. Lapidus
NYLJ 4/25/07, p. 25, col. 1
AppDiv, First Dept.
(memorandum opinion)
In a co-op corporation's ejectment action against a shareholder, shareholder appealed from the Supreme Court's grant of summary judgment to the co-op corporation. The Appellate Division affirmed, holding that the business judgment rule required deference to the co-op board's determination.
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