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  5. 312 N.W.2d 921 (1981)
 

MATTER OF VILLA MARIA, INC.

No. 51773.

312 N.W.2d 921 (1981)

In the Matter of the Involuntary Dissolution of VILLA MARIA, INC. James SHEEHAN, et al., Petitioners, Respondents, v. John J. MONDATI, Appellant.

Supreme Court of Minnesota.

December 4, 1981.

Attorney(s) appearing for the Case

Barnett, Ratelle, Hennessy, Vander Vort, Stasel & Herzog, W. Scott Herzog and Edward J. Blomme, Minneapolis, for appellant.

O'Connor & Hannan, Joe A. Walters and Robert A. Brunig, Minneapolis, for respondents.

Considered and decided by the court en banc without oral argument.

OTIS, Justice.

Appellant, John Mondati, is a 50% shareholder and president of Villa Maria, Inc., a Minnesota corporation. He appeals from an order granting involuntary dissolution of the company or in the alternative a buy-out of James Sheehan's 50% interest at market value. We affirm.

The power of the courts to grant an involuntary dissolution of a corporation is governed by Minn.Stat. § 301.49 (1980), which states in part:

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