Case Name: In the Matter of John Jordan, Appellant, v. Arvin Signs, Inc., Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1994-04-11
Citations: 203 A.D.2d 366
Docket Number: 
Parties: In the Matter of John Jordan, Appellant, v Arvin Signs, Inc., Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 203
Pages: 366–367

Head Matter:
In the Matter of John Jordan, Appellant, v Arvin Signs, Inc., Respondent.
[610 NYS2d 94]

Opinion:
—In a proceeding to dissolve a corporation under Business Corporation Law § 1104-a, the petitioner appeals from an order of the Supreme Court, Queens County (Rutledge, J.), entered April 2, 1992, which dismissed the proceeding.
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 AD2d 423; Business Corporation Law §626 [a]). Sullivan, J. P., Joy, Hart and Krausman, JJ., concur.