In this action to determine the price at which plaintiff professional corporation is required to purchase or redeem the shares of its deceased 50% shareholder and founder pursuant to Business Corporation Law § 1510, the IAS Court properly found the existence of issues of fact as to whether plaintiff's method of valuation at book value in accordance with the corporation's regular method of accounting would produce a windfall to the surviving shareholder together with...
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.
