Alco Gravure, Inc., Appellants v. the Knapp Foundation, Respondent

Summary

The Court held that both the corporate and individual plaintiffs have standing to challenge the Foundation's actions and that the amendment of the charter of a Type B not‑for‑profit corporation without complying with the quasi‑cy pres provisions of the Not‑For‑Profit Corporation Law is improper, thus denying the defendant's motions for summary judgment; Judge Jasen dissented, arguing that the amendment was lawful.