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8 Aug 2011, 3:00 am
Quality King Distributors, Inc., 175 AD2d 791 (2d Dept 1991) (enforcing shareholders' agreement to make tax distributions) with Matter of Matco-Norca, Inc., 22 AD3d 495 (2d Dept 2005) (refusing to enforce tax distributions which were made discretionary, not mandatory, under terms of the shareholders' agreement). [read post]