In re the Dissolution of Whitehall Art Co.

In this proceeding brought by a 50% stockholder for dissolution of 'a corporation pursuant to article 9 of the General Corporation Law, Special Term directed all interested parties to show cause before a Special Referee why the corporation should not be dissolved and appointed a temporary receiver.

Whitehall Art Co., Inc., the corporation which petitioner seeks to dissolve, was organized in 1945 to deal in art objects. The stock ownership was divided, with 50% owned by petitioner and the other 50% owned by respondent Stein. The original board of directors, which included petitioner, Stein and…