In this proceeding for judicial dissolution of two close corporations brought pursuant to sections 1104 and 1104-a of the Business Corporation Law, respondent-appellant filed a notice pursuant to section 1118 of the Business Corporation Law electing to purchase the petitioner's shares at their fair value. Special Term stayed the hearing in the dissolution proceeding pending further order of the court in accordance with subdivision (b) of section 1118, which provides in pertinent...
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