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MATTER OF SAGE SYS., INC. v. SAGE SYS., INC.

154 A.D.2d 291 (1989)

In the Matter of the Dissolution of Sage Systems, Inc. Gerald Cohen, Respondent, v. Sage Systems, Inc., et al., Appellants

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

October 26, 1989

In this action, petitioner seeks dissolution of respondent corporation, Sage Systems, Inc. Petitioner alleged ownership of 20% of the stock of Sage, the proportion of ownership required to institute a proceeding pursuant to Business Corporation Law § 1104-a. Several months after admitting that petitioner owned 20% of the stock, respondents moved for leave to amend their answer so as to deny such ownership.

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