Brodsky v. Seaboard Realty Co.

Appellant indicates that the sole question to be determined on this appeal is “whether or not a shareholder who has made an election to purchase the shares of a dissenting shareholder, pursuant to the provisions of the Corporations Code sections 4658 and 4659, [1] after the dissenting share holder has filed for an involuntary dissolution of the corporation, can at a later date rescind the election and return to the original action of involuntary dissolution or whether such an election is considered to be binding on the electing shareholder. ’ ’

The chronology of events is as follows;

On…