In re the Dissolution of Glamorise Foundations, Inc.

*188Petitioner, Executive Vice-President and owner of one half of the voting stock of Glamorise Foundations, brought a special proceeding to obtain judicial dissolution of the company pursuant to Business Corporation Law § 1104. Petitioner essentially alleged that the refusal of individual respondent Richard Rosner, company President and owner of the other half of the voting stock, to accept petitioner’s proposed changes in the Stockholders’ Agreement constituted a deadlock within the meaning of Business Corporation Law § 1104 (a) (1), as well as irreconcilably divided the shareholders to the…