Bissias v. Koulovatos

[¶ 1] James Koulovatos and Town House Apartments, Inc., appeal from a judgment entered in the Superior Court (Sagadahoc County, Harden, J.) dissolving Town House and appointing a receiver pendente lite. Koulovatos contends that the trial court erred by concluding that Peter Bissi-as was a shareholder and thus had standing to commence an action for judicial dissolution of Town House. We find no error and affirm the judgment.

[¶ 2] On August 27, 1992, Bissias and Koulovatos executed a purchase and sale agreement to buy an apartment complex in Bath, which was later renegotiated for a reduced…