On January 27, 1988, petitioners commenced a special proceeding for the judicial dissolution of Aruba Import and Export Corp., a New York corporation organized in 1980 by four individuals: the two petitioners who own 50% of the corporation's outstanding shares and the two respondents who own the other 50% of the outstanding shares.
Although the title of the proceeding stated that it was based on Business Corporation Law § 1104, which concerns corporate deadlock...
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