Legal Opinion
In Re the Dissolution of Cristo Bros.
New York Court of Appeals
Decided March 26, 1985PublishedCited by 20 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs, and the certified question answered in the negative.
The legislative history of Business Corporation Law § 1118 contains nothing to indicate why it accorded a buy-out privilege in any proceeding brought pursuant to section 1104-a but not with respect to a dissolution proceeding under Business Corporation Law § 1104. We agree with the Appellate Division, however, that the holder of 50% of a close corporation’s stock is a holder “of twenty percent or more” of such a corporation’s outstanding stock,…
2Cited by20 opinions
- In re Pace Photographers, Ltd.New York Court of Appeals · 1988
- Atlantic Cement Co. v. WilliamsAppellate Division of the Supreme Court of the State of New York · 1987
- In re the Dissolution of Public Relations Aids, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
- Lloyd v. GrellaNew York Court of Appeals · 1994
- Fedele v. SeybertAppellate Division of the Supreme Court of the State of New York · 1998
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