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MATTER OF CLEVER INNOVATIONS, INC.

512502.

94 A.D.3d 1174 (2012)

941 N.Y.S.2d 777

2012 NY Slip Op 2536

In the Matter of the Dissolution of CLEVER INNOVATIONS, INC. CHRISTOPHER P. DOOLEY, Appellant; GWEN M. NIELSEN, as Administrator of the Estate of PAUL S. NIELSEN, Deceased, Respondent. (And Another Related Proceeding.).

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

Decided April 5, 2012.

SPAIN, J.

In 2001, Paul S. Nielson (hereinafter decedent) formed Clever Innovations, Inc. (hereinafter the company), became the company's sole shareholder and director, and elected his now widow, respondent, as vice-president and treasurer. The couple ran the company from their home and respondent handled its banking and financial affairs. In 2002, the company issued 100 shares of stock to petitioner, thereby granting him a 50% share in the company. According to the...

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