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Corporations - Certificate Of Amendment Conferring Voting Rights On Outstanding Preferred Stock-Remedy Of Non-Assenting Common Stockholder Under New York Appraisal Statute, Edwin F. Uhl S.Ed.
Corporations - Certificate Of Amendment Conferring Voting Rights On Outstanding Preferred Stock-Remedy Of Non-Assenting Common Stockholder Under New York Appraisal Statute, Edwin F. Uhl S.Ed.
Michigan Law Review
By amendment of its certificate of incorporation, defendant conferred upon its outstanding preferred stock voting rights equal to those of the common. This alteration reduced the voting interest of the plaintiff's fifty shares of common stock from an approximately 1/33,000 to 1/36,000 part. Plaintiff, who at all times had opposed adoption of the amendment, instituted proceedings under a provision of the New York Stock Corporation Law awarding to dissenting stockholders the right to an appraisal of and payment for their stock "if the certificate . . . abolishes any voting right of the holders of shares of any class or …