In re the Dissolution of Wiedy's Furniture Clearance Center Co.

OPINION OF THE COURT

Weiss, J.

This case involves several closely held New York corporations established by members of the Wiederspiel family for purposes of owning and operating retail furniture stores. The parties are Edward Wiederspiel, Jr., his wife, Marie Wiederspiel, and their two sons, Edward Wiederspiel, III, and petitioner Bruce R. Wiederspiel. Each of the individual stores are operated by Edward, Jr., and Marie and named Wiedy’s Furniture Company, Inc., Wiedy’s of Poughkeepsie, Inc., and Wiedy’s Furniture of Middletown, Inc. A separate corporation, Wiedy’s Real Estate Corporation, was…