City Bank Farmers Trust Co. v. Hewitt Realty Co. (231 A.D. 702, 1930)

Judgment affirmed, with costs. No opinion. Present — Dowling, P. J., Merrell, Martin, O’Malley and Sherman, JJ.; Dowling, P. J., and Martin, J., dissent.

Martin, J. (dissenting).

I dissent, and vote for reversal. I am of the opinion that the facts disclosed by the record are sufficient to warrant a finding that the directors of the defendant corporation should have declared dividends. (Kavanaugh v. Kavanaugh Knitting Co., 226 N. Y. 185; Dodge v. Ford Motor Co., 204 Mich. 459; 170 N. W. 668; Hiscock v. Lacy, 9 Misc. 578.) Dowling, P. J., concurs.