In re Superb Diamond Cutting Corp.

Petitioners are the owners of half the voting stock, and respondents are the owners of the other half, in this family corporation. The board of directors, elected in 1936 and held over in the absence of annual elections, consists of the two respondents and one of the petitioners. The business, which has for years been prosperous, is now in jeopardy because of a lamentable discord between the parties, as evidenced by the charges and countercharges in which the papers before the court abound.

*877Petitioners commenced this proceeding for dissolution of the corporation, under section 103 of the…