Legal Opinion
Johnsen v. ACP Distribution, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided April 27, 2006PublishedCited by 8 opinions
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J.
This appeal presents the issue of whether the commencement of an involuntary dissolution proceeding under Business Corporation Law § 1104 triggers the buy-sell provisions of a stockholders agreement that specifically provides that a stockholder may not donate, hypothecate, pledge, transfer or otherwise dispose of his or her stock “in any manner whatsoever” without first offering the same for sale to the corporation or the remaining stockholders.
AGP Distribution, Inc., a heating, ventilation and air-conditioning (HVAC) supply distributor, has an exclusive…
2Cases cited5 opinions
- In Re the Judicial Dissolution of Kemp & Beatley, Inc.New York Court of Appeals · 1984
- Kuehne & Nagel, Inc. v. BaidenNew York Court of Appeals · 1975
- In re Pace Photographers, Ltd.New York Court of Appeals · 1988
- Doniger v. Rye Psychiatric Hospital Center, Inc.Appellate Division of the Supreme Court of the State of New York · 1986
- In Re BBS Norwalk One, Inc.United States Bankruptcy Court, D. Connecticut · 1999
3Cited by8 opinions
- Town of Angelica v. SmithAppellate Division of the Supreme Court of the State of New York · 2011
- Ferolito v. VultaggioAppellate Division of the Supreme Court of the State of New York · 2012
- Hochberg v. Manhattan Pediatric Dental Group, P.C.Appellate Division of the Supreme Court of the State of New York · 2007
- Ferolito v. VultaggioAppellate Division of the Supreme Court of the State of New York · 2012
- Frank Brunckhorst III, individually and in his capacity as trustee of The Frank Brunckhorst III 2001 Trust v. Eric Bischoff et al.District Court, S.D. New York · 2025
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