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http://nycourts.law.com/CourtDocumentViewer.asp?view=Document&docID=46514 Justice Demarest ALLEGING WRONGFUL refusal to transfer stock, plaintiff, on her children’s behalf, sought a declaration that as custodian under the Uniform Gift to Minors Act, she was the true owner of the shares. The foreign defendant corporation sought dismissal as not subject to personal jurisdiction under Civil Practice Law and Rules �301 or CPLR �302, the “long-arm statute.” The court denied dismissal. The court noted that the stock certificates at issue stated that they were transferrable in New York City. It found that the corporation implicitly promised to the stockholder that a transfer agent would be available to execute transfer in New York City and, by so promising, had reason to expect suit in New York upon breach. The corporation’s endorsement was a deliberate act by which the corporation conducted activities in New York. Personal jurisdiction under CPLR �302 was established because plaintiff’s cause of action directly related to the transfer of stock.

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