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MATTER OF SUNBURST ASSOC., INC. MICHAEL VILARDI

511824.

93 A.D.3d 1045 (2012)

941 N.Y.S.2d 289

2012 NY Slip Op 2135

In the Matter of the Dissolution of SUNBURST ASSOCIATES, INC. MICHAEL VILARDI, Appellant; FRED BABBINO, Respondent.

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

Decided March 22, 2012.

STEIN, J.

Sunburst Associates, Inc. is a closely held corporation created in 1995. Ownership of the corporation was originally divided evenly between petitioner and respondent, with each owning 10 shares of stock. Between 1995 and 2007, various transactions occurred wherein shares of stock were issued, voided and transferred between petitioner and respondent. Petitioner commenced this proceeding pursuant to Business Corporation Law § 1104, seeking dissolution...

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