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MATTER OF BUNZL

224 A.D.2d 245 (1996)

637 N.Y.S.2d 703

In the Matter of the Arbitration between Hugo Bunzl, Appellant, and Virginio Battanta et al., Respondents

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

February 8, 1996

For the principal purpose of purchasing a commercial building in Connecticut, petitioner Hugo Bunzl, respondent Virginio Battanta, who is Bunzl's uncle, and John H. Steele formed a Delaware corporation known as BBS Norwalk One, Inc. ("BBS"). The BBS Shareholders Agreement provides that 45 shares of common stock shall be issued to "Virginio Battanta and Hugo Bunzl, or a corporation to be formed and owned by Battanta and Bunzl" (90% of the shares) and that 5 shares of common...

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