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GIANNOTTI v. HAMWAY

Record No. 880555.

387 S.E.2d 725 (1990)

Frank R. GIANNOTTI, et al. v. Alexander HAMWAY, et al.

Supreme Court of Virginia.

January 12, 1990.

Attorney(s) appearing for the Case

Keith D. Boyette (Alan G. Fleischer; John C. Ivins, Jr.; Hirschler, Fleischer, Weinberg, Cox & Allen, Richmond, on briefs), for appellants.

Martin A. Donlan, Jr. (Judith B. Henry; Crews & Hancock, Richmond, on brief), for appellees.

Present: COMPTON, STEPHENSON, RUSSELL, WHITING and LACY, JJ., POFF, Senior Justice, and GORDON, Retired Justice.

COMPTON, Justice.

In this intracorporate dispute arising in a close corporation, we examine the correctness of the trial court's decision to order liquidation of the corporate assets and business.

Because this suit was filed in 1980, former Code § 13.1-94 (Repl.Vol.1978) (now Code § 13.1-747) applies. As pertinent to the controversy, the statute provided:

"Any court of record, with general equity jurisdiction ..., shall have full power to...

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