MATTER OF RENCOR CONTROLS, INC.


263 A.D.2d 845 (1999)

693 N.Y.S.2d 717

In the Matter of the Dissolution of RENCOR CONTROLS, INC., Appellant-Respondent. COREY L. SIMPSON, Respondent-Appellant.

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

Decided July 22, 1999.


Carpinello, J.

The issue presented for review in this proceeding for judicial dissolution of a closely held corporation (Rencor Controls, Inc.) is whether the allegations in the petition as supplemented by an affidavit were sufficient to survive a motion to dismiss. Supreme Court found that petitioner, a minority shareholder, failed to prove any oppressive conduct, a requirement for dissolution under Business Corporation Law § 1104-a, but nonetheless retained...

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