Jordan v. Arvin Signs, Inc.

Appellate Division of the Supreme Court of New York

Jordan v. Arvin Signs, Inc.

203 A.D.2d 366, 610 N.Y.S.2d 94, 1994 N.Y. App. Div. LEXIS 3656

Appellate Division of the Supreme Court of the State of New York·Decided April 11, 1994·Published·Cited by 3 cases

Opinion

—In a proceeding to dissolve a corporation under Business Corporation Law § 1104-a, the petitioner appeals from an order of the Supreme Court, Queens County (Rutledge, J.), entered April 2, 1992, which dismissed the proceeding.

Ordered that the order is affirmed, with costs.

The petitioner is not a "holder” of 20% or more of all outstanding shares of the corporation in question and, therefore, has no standing to seek dissolution pursuant to Business Corporation Law § 1104-a (cf., Matter of Gunzberg v Art-Lloyd [367]*367Metal Prods. Corp., 112 AD2d 423; Business Corporation Law §626 [a]). Sullivan, J. P., Joy, Hart and Krausman, JJ., concur.

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—In a proceeding to dissolve a corporation under Business Corporation Law § 1104-a, the petitioner appeals from an order of the Supreme Court, Queens County (Rutledge, J.), entered April 2, 1992, which dismissed the proceeding.

Ordered that the order is affirmed, with costs.

The petitioner is not a "holder” of 20% or more of all outstanding shares of the corporation in question and, therefore, has no standing to seek dissolution pursuant to Business Corporation Law § 1104-a (cf., Matter of Gunzberg v Art-Lloyd [367]*367Metal Prods. Corp., 112 AD2d 423; Business Corporation Law §626 [a]). Sullivan, J. P., Joy, Hart and Krausman, JJ., concur.

Jordan v. Arvin Signs, Inc., 203 A.D.2d 366, 610 N.Y.S.2d 94, 1994 N.Y. App. Div. LEXIS 3656 (N.Y. Ct. App. 1994).

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203 A.D.2d 366 (Jordan v. Arvin Signs, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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