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MATTER OF LONG ISLAND PANELING CENTERS, INC. v. OSMAN

286 A.D.2d 333 (2001)

728 N.Y.S.2d 680

In the Matter of LONG ISLAND PANELING CENTERS, INC., Appellant, v. JAY OSMAN, Respondent. (Proceeding No. 1.) In the Matter of LONG ISLAND PANELING CENTER OF BOHEMIA, INC. LONG ISLAND PANELING CENTERS, INC., Appellant; JAY OSMAN, Respondent. (Proceeding No. 2.)

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

Decided August 6, 2001.

Ordered that the order is reversed insofar as appealed from, on the law, with costs, and the motion is denied.

An arbitrator directed the corporate dissolution of Long Island Paneling Center of Bohemia, Inc., which is the Bohemia branch of the petitioner, Long Island Paneling Centers, Inc. (hereinafter LIPC). The Bohemia branch of the petitioner is owned 50% by the respondent, Jay Osman, and 50% owned by LIPC.

In light of our determination that the Supreme...

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