Legal Question in Business Law in New York
corporation dissolving
we had a partnership and turned it into a coporation is it possible for one of the officer to dissolve the coporation? im the president and do not wish to dissolve the corp.
Asked on 11/27/06, 12:40 pm
2 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: corporation dissolving
Unless the by-laws or agreement provides otherwise, a vote of two thirds of the voting shares is required to dissolve the Corporation. A Court can order the dissolution if equal partners have irreconcilable differences regarding the operation of the corporate business.
Answered on 11/27/06, 1:51 pm
Robert R. Groezinger
GroezingerLaw P.C.
Re: corporation dissolving
A good place to start your investigation is with the coporate by-laws.
Good Luck
RRG
Answered on 11/27/06, 2:16 pm
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