In re the Dissolution of Carrabasset Square Management Corp.

Petitioner commenced this proceeding pursuant to Business Corporation Law § 1104-a seeking to dissolve two corporations in which he was a minority shareholder. Respondent, the majority shareholder in both corporations, filed an answer with counterclaim seeking a dissolution pursuant to Business Corporation Law § 1104. After discovery and multiple conferences, respondent submitted an order for Supreme Court’s review that dissolved both corporations. Petitioner objected to the order and requested that, instead of dissolution, the court allow petitioner to purchase respondent’s majority share of…