In re the Dissolution of Field, Rich & Associates, Inc.

OPINION OF THE COURT

Richard Lane, J.

This is a petition for dissolution pursuant to Business Corporation Law § 1104 (a) (1), (2) and (3) premised on irreconcilable *217differences between the two officers and directors and 50% shareholders.

Respondent does not controvert the irreconcilable differences but contents himself with a buy-out election pursuant to Business Corporation Law § 1118 and moves for a stay pending determination of fair market value of petitioner’s shares.

Respondent has perhaps understandably confused a petition brought under Business Corporation Law § 1104 (a) with one brought…