Matter of Jordan v. Arvin Signs, Inc.

Full title: In the Matter of JOHN JORDAN, Appellant, v. ARVIN SIGNS, INC., Respondent

Court: Appellate Division of the Supreme Court of New York, Second Department

Date published: Apr 11, 1994

203 A.D.2d 366 (N.Y. App. Div. 1994)

610 N.Y.S.2d 94

Opinion

April 11, 1994

Appeal from the Supreme Court, Queens County (Rutledge, J.).

Ordered that the order is affirmed, with costs.

The petitioner is not a "holder" of 20% or more of all outstanding shares of the corporation in question and, therefore, has no standing to seek dissolution pursuant to Business Corporation Law § 1104-a (cf., Matter of Gunzberg v Art-Lloyd Metal Prods. Corp., 112 A.D.2d 423; Business Corporation Law § 626 [a]). Sullivan, J.P., Joy, Hart and Krausman, JJ., concur.