MATTER OF DI BONA


45 A.D.2d 696 (1974)

In the Matter of S. Richard Di Bona et al., Respondents. General Rayfin Limited et al., Appellants

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

June 25, 1974


This record does not justify the appointment of a temporary receiver pending the determination on the merits of this proceeding to dissolve the appellant corporation pursuant to section 1104 (subd. [a], par. [3]) of the Business Corporation Law. There is an insufficient demonstration that the corporation is insolvent, or that its assets are being diverted or wasted to warrant the drastic remedy of a receivership. The petitioners allege that they have been denied "access to...

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