In re Androtsakis

Order, Supreme Court, New York County (Stanley Parness, J.), entered April 5, 1989, ruling that an election to purchase shares of the corporation pursuant to Business Corporation Law § 1118 had been made, denying respondent’s request to withdraw that election, and directing resumption of a hearing to determine the value of petitioners’ shares, unanimously affirmed, with costs.

Respondent elected to purchase petitioners’ shares, pursuant to Business Corporation Law § 1118, in response to the latter’s petition for dissolution under Business Corporation Law § 1104-a. That was the position taken…