In re Joy Wholesale Sundries, Inc.

— In a proceeding pursuant to Business Corporation Law § 1104-a for the judicial dissolution of a closely held corporation, converted to a proceeding to determine the fair value of the petitioner’s shares in said corporation upon the election of the corporation to purchase the petitioner’s shares pursuant to Business Corporation Law § 1118, the appeal and cross appeal are from an order of the Supreme Court, Nassau County (Modugno, J.H.O.), entered October 4, 1985, which, inter alia, (1) determined the fair value of the petitioner’s shares in Joy Wholesale Sundries, Inc., to be $1,230,000, and…