In re Fehrenbach

This motion has been withdrawn as to items 2, 3 and 4 of the notice of motion. The only relief now sought is the dissolution of the corporation. The moving papers fail, however, to comply with the provisions of the General Corporation Law in respect to proceedings for the dissolution of corporations. Section 101 of that statute is inapplicable since a majority of the directors do not deem the dissolution beneficial to the corporation and have not presented a petition for that relief. Section 102 authorizes a majority of the stockholders to petition the directors to institute dissolution…