Legal Opinion
In re the Dissolution of Validation Review Associates, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided July 29, 1996PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Ritter, J.
We are asked to determine the validity of a provision within a shareholders agreement to waive the statutory and common-law right to petition for a judicial dissolution of a closely held corporation. On the facts presented, we find such a provision to be unenforceable as against public policy.
In 1989 the petitioner, Mordecai Berkun, a licensed physician, and the appellant, David Schimel, a nonpracticing attorney, formed Validation Review Associates, Inc. (hereinafter VRA). VRA was formed to provide consulting services to health-care providers concerning the…
2Cases cited16 opinions
- In Re the Judicial Dissolution of Kemp & Beatley, Inc.New York Court of Appeals · 1984
- Schmidt v. Magnetic Head Corp.Appellate Division of the Supreme Court of the State of New York · 1983
- Blake v. Blake Agency, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
- In re the Dissolution of T. J. Ronan Paint Corp.Appellate Division of the Supreme Court of the State of New York · 1984
- Leibert v. ClappNew York Court of Appeals · 1963
11 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Cassata v. Brewster-Allen-Wichert, Inc.Appellate Division of the Supreme Court of the State of New York · 1998
- Schimel v. BerkunAppellate Division of the Supreme Court of the State of New York · 1999
- Mercado v. SchwartzAppellate Division of the Supreme Court of the State of New York · 2022
- In re the Dissolution of Validation Review Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1997