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IWASAKI v. IWASAKI BROS., INC.

No. 39-648; CA 19593.

649 P.2d 598 (1982)

58 Or.App. 543

Arthur IWASAKI and Teruko Iwasaki, Appellants, v. IWASAKI BROS., INC., an Oregon Corporation, Respondent.

Court of Appeals of Oregon.

Decided August 18, 1982.

Attorney(s) appearing for the Case

John W. Liljegren, Portland, argued the cause for appellants. With him on the briefs were Kevin O'Connell and O'Connell, Goyak & Ball, P.C., Portland.

Ridgway K. Foley, Jr., Portland, argued the cause for respondent. With him on the brief were Charles R. Markley and Schwabe, Williamson, Wyatt, Moore & Roberts, Portland.

Before RICHARDSON, P.J., and THORNTON and VAN HOOMISSEN, JJ.

RICHARDSON, Presiding Judge.

Plaintiffs brought this suit under ORS 57.5951 as one-third owners of the corporate defendant, seeking dissolution of the corporation for allegedly illegal and oppressive acts and misapplication of corporate assets by defendant's directors. After the close of plaintiffs' case, the trial court granted defendant's motion for dismissal with prejudice, and plaintiffs appeal...

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