MATTER OF SCHLACHTER


154 A.D.2d 685 (1989)

In the Matter of Anita Schlachter, Appellant. Ideal Handbag Frame Mfg. Corp. et al., Respondents

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

October 30, 1989


Ordered that the order is affirmed, with costs.

Business Corporation Law § 1104-a (a) (1) permits a minority shareholder holding 20% or more of all outstanding shares of a corporation to present a petition for dissolution, inter alia, on the ground that "[t]he directors or those in control of the corporation have been guilty of illegal, fraudulent or oppressive actions toward the complaining shareholders". In Matter of Kemp & Beatley (Gardstein...

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