Bhanji v. Baluch

In this special proceeding in which petitioner seeks, inter alia, the judicial dissolution of Flytime, a New York corporation organized in 1984, petitioner has failed to establish that she is the owner of a 50% interest in Flytime, as required by Business Corporation Law § 1104 (a) (see e.g. Artigas v Renewal Arts Realty Corp., 22 AD3d 327, 327-328 [1st Dept 2005]). There is no evidence to support petitioner’s testimony that she and respondent orally agreed that she would have a 50% interest in Flytime once the corporation was formed. While it is undisputed that Flytime did not issue any…