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MATTER OF FUNPLEX, INC.

252 A.D.2d 923 (1998)

677 N.Y.S.2d 226

In the Matter of the Dissolution of Funplex, Inc. Harvey W. Gordon et al., Appellants; J. Felix Strevell et al., Respondents

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

July 30, 1998

Yesawich Jr., J.

At issue is the fair market value of petitioners' 49% interest in Funplex, Inc., a closely held corporation formed by petitioners and respondents to construct and operate a seasonal outdoor recreational facility in the Town of East Greenbush, Rensselaer County. The complex, which included a miniature golf course, batting cages and a "Bank Shot Basketball" game, opened in mid-August 1992, taking in approximately $103,000 in gross revenue...

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