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SCHIRMER v. BEAR

No. 79097.

672 N.E.2d 1171 (1996)

174 Ill.2d 63

220 Ill.Dec. 159

Timothy J. SCHIRMER, Appellee, v. William F. BEAR et al., Appellants.

Supreme Court of Illinois.

October 18, 1996.

Attorney(s) appearing for the Case

John S. Lowry, Vanessa S. Porter and Alfred W. Cowan, of Brassfield, Cowan & Howard, Rockford, for appellants.

Schirger & Monteleone, Rockford (William E. Schirger and David F. Monteleone, of counsel), for appellee.

Justice McMORROW delivered the opinion of the court:

The question presented in this appeal is whether, under section 12.55 of the Illinois Business Corporations Act of 1983 (the Act) (805 ILCS 5/12.55 (West 1992)), a plaintiff shareholder in a close corporation must prove grounds which would justify dissolving the corporation as a prerequisite to receiving the statutory remedy of having the corporation purchase his or...

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