The record supports the motion court's determination that grounds for the appointment of a receiver in this action for dissolution of a closely held corporation were not established, since Merola, one of the two principals owning 50% of the corporation, did not demonstrate danger of irreparable loss, and resort to a receivership is appropriate only when necessary for the protection of the interests of the parties (see, Matter of DiBona [General Rayfin],
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MATTER OF HARRISON REALTY CORP.
295 A.D.2d 220 (2002)
744 N.Y.S.2d 23
In the Matter of the Judicial Dissolution of HARRISON REALTY CORP. VINCENT A. MEROLA, Appellant; THOMAS J. AXON, Respondent.
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
Decided June 18, 2002.
Decided June 18, 2002.
Appellate Division of the Supreme Court of the State of New York, First Department.
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