In re the Voluntary Dissolution of Pivot Punch & Die Corp.

This is a proceeding for dissolution of Pivot Punch and Die Corporation, a domestic corporation under article 9 of the General Corporation Law. The question is whether the court should entertain or dismiss the application (§ 106).

This proceeding was commenced by the petitioner, John F. Kopczynski, owning 50% of the outstanding stock, by a petition and order to show cause why said corporation should not be dissolved. The petition gave notice to all the necessary persons as required by section 108 of the General Corporation Law, including Robert H. King, owning the other 50% of the outstanding…