MATTER OF KOURNIANOS


175 A.D.2d 129 (1991)

In the Matter of Emanuel Kournianos, Respondent. H.M.G., Inc., Also Known as Harry's Friendly Service Station, Appellant

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

July 1, 1991


Ordered that the order is reversed, on the law, with costs, and the matter is remitted to the Supreme Court, Kings County, for a hearing pursuant to Business Corporation Law § 1104 (a) (1) and (3), §§ 1104-a, and 1109, and a new determination in accordance herewith.

Pursuant to an agreement executed in 1976, the petitioner and Richard Olin each acquired one-third of the shares of the appellant corporation. The original owner retained a one-third interest...

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