Practice point: The compulsory redemption requirement of Business Corporation Law § 1510 does not extend to a shareholder's involuntary termination of employment from a professional corporation.
Students should note that public policy will be determined by reference to statutes and legal precedents, and not from a consideration of supposed public interests.
Case: Lubov v. Horing & Welikson, P.C., NY Slip Op 03076 (2d Dept. 2010
Tomorrow's issue: Municipalities Law.
