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KARNAVAT v. JESSE BANDS, INC.

284 A.D.2d 266 (2001)

726 N.Y.S.2d 848

SURENDRA KARNAVAT, Appellant, v. JESSE BANDS, INC., et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided June 26, 2001.

Plaintiff is a 29 1/3% shareholder in a three-shareholder corporation that the other two shareholders voted to dissolve pursuant to Business Corporation Law § 1001. While acknowledging that the corporation is subject to dissolution pursuant to section 1001, plaintiff alleges that defendants voted for dissolution in furtherance of a conspiracy to "take the accounts, good will and assets" of the corporation and otherwise "freeze...

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