MTR BLAKE v. BLAKE AGENCY


107 A.D.2d 139 (1985)

In the Matter of Lawrence R. Blake, as Holder of 25% of All Outstanding Shares Entitled to Vote in an Election of Shareholders of Blake Agency, Inc., Appellant-Respondent, v. Blake Agency, Inc., Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, Second Department.

February 25, 1985


Attorney(s) appearing for the Case

Wimpheimer & Sherman (Steven Wimpheimer and Eugene J. Cunningham of counsel), for appellant-respondent.

Broderick, Broderick & Redmond (Peter E. Redmond and Patrick F. Broderick of counsel), for respondent-appellant.

MOLLEN, P. J., TITONE and WEINSTEIN, JJ., concur.


THOMPSON, J.

These appeals concern the valuation of a minority interest in the shares of a closely held corporation, where the minority shareholder has commenced a special proceeding pursuant to Business Corporation Law § 1104-a to dissolve the corporation, and the corporation has elected to buy out the minority shareholder pursuant to Business Corporation Law § 1118. Specifically, we are called upon...

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