CORCORAN v. CORCORAN


114 A.D.2d 881 (1985)

John A. Corcoran et al., Appellants, v. Joseph T. Corcoran, Respondent

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

November 12, 1985


Order affirmed, with costs.

The two individuals in this matter were each 50% shareholders in Joseph M. Corcoran, Inc. By contract they agreed to take equal responsibility for and draw equal salaries from the corporation.

In a previous arbitration respondent Joseph T. Corcoran sought and was awarded dissolution of the corporation. He was temporarily declared receiver of the corporation but, upon motion of petitioner John A. Corcoran, he was replaced by a third...

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