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MATTER OF CLEMENTE BROS., INC.

12 A.D.2d 694 (1960)

In the Matter of the Dissolution of Clemente Bros., Inc., Appellant. Salvatore F. Clemente, Respondent; Maria Clemente et al., Appellants

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

December 2, 1960

The petitioner is the owner of 50% of the stock of Clemente Bros., Inc., and initiated this proceeding seeking to bring about the dissolution of the corporation under article 9 of the General Corporation Law on the ground of deadlock in stockholders' votes. Maria Clemente owns the other 50% of the stock. The petition alleges that "the votes of the said holders of the common stock of Clemente Bros., Inc., have been and are so divided that they cannot elect a board of directors...

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