Unanimously modified, on the law and the facts, without costs and disbursements, to the extent of vacating the appointment of plaintiff as coreceiver and to delete the provision that the receivership is pursuant to articles 12 and 13 of the Business Corporation Law, and, as so modified, affirmed.
Patently, on this record, the statutory criteria under the Business Corporation Law for the appointment of a receiver are not met. However, it is equally clear that the power...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.