Legal Opinion

Jordan v. Arvin Signs, Inc.

Appellate Division of the Supreme Court of the State of New York

Decided April 11, 1994PublishedCited by 3 opinions

1Opinion of the Court

—In a proceeding to dissolve a corporation under Business Corporation Law § 1104-a, the petitioner appeals from an order of the Supreme Court, Queens County (Rutledge, J.), entered April 2, 1992, which dismissed the proceeding.

Ordered that the order is affirmed, with costs.

The petitioner is not a "holder” of 20% or more of all outstanding shares of the corporation in question and, therefore, has no standing to seek dissolution pursuant to Business Corporation Law § 1104-a (cf., Matter of Gunzberg v Art-Lloyd *367Metal Prods. Corp., 112 AD2d 423; Business Corporation Law §626 [a]). Sullivan, J.…

2Cases cited1 opinion

  1. Gunzberg v. Art-Lloyd Metal Products Corp.Appellate Division of the Supreme Court of the State of New York · 1985

3Cited by3 opinions

  1. In re Iceland Inc.Appellate Division of the Supreme Court of the State of New York · 2012
  2. In re Iceland Inc.Appellate Division of the Supreme Court of the State of New York · 2012
  3. Pappas v. Corfian Enterprises, Ltd.Appellate Division of the Supreme Court of the State of New York · 2010

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