Petitioner asserts standing to institute an involuntary dissolution proceeding against respondent as the holder of 25 percent of all of the outstanding shares of the corporation. Business Corporation Law § 1104-a was enacted for the specific purpose of enabling minority shareholders of closely held corporations to obtain relief where, as here, they find themselves in a situation of being denied participation in or being frozen out of corporate management. The statute...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.