Case ID: ad_252/html/0758-04.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In the Matter of the Application of Metropolitan Broadcasting Corp., a Corporation, for Voluntary Dissolution, Pursuant to Section 103 of the General Corporation Law. Joseph Husid, Receiver, etc., Appellant; Paul J. Gollhofer and Lillian E. Kiefer, Respondents.
   Order as resettled, denying the application of the receiver for an order approving a sale of the property and rights of the Metropolitan Broadcasting Corp., in voluntary dissolution, affirmed, without costs, and without prejudice to the right of the receiver to renew the motion at any time if conditions change and no better offer is made. As there are no creditors and the only two stockholders of the corporation object to the proposed sale and thereby assume the responsibility and risk of losing substantial property rights, the courts will not at present intervene with positive directions to the receiver. Hagarty, Carswell, Davis, Adel and Taylor, JJ., concur.