In re the Dissolution of Upstate Medical Associates, P.C.

Appeal from a judgment of the Supreme Court (Teresi, J.), entered July 23, 2001 in Albany County, which, inter alia, in a proceeding pursuant to Business Corporation Law article 11, determined that petitioner was entitled to certain corporate distributions.

Petitioner and respondents Anthony Troitino and Eric Gross are all physicians specializing in internal medicine. Effective March 1, 1997, they formed a group practice, respondent Upstate Medical Associates, P.C. (hereinafter Upstate Medical). Although each of the physicians held a one-third share in Upstate Medical, they did not receive…