- Bookmark
- Share
- CaseIQ
MATTER OF PARK INN FORD
Appellate Division of the Supreme Court of New York, Second Department.
Apr 6, 1998
Ordered that the order is affirmed insofar as appealed from, with costs.
The Supreme Court properly enjoined the appellant, a two-thirds majority shareholder in a closely-held corporation, from using corporate funds to pay counsel fees incurred in defending this dissolution proceeding ( see, Business Corporation Law ยง 1115; Matter of Rappaport [Jileen Sec. Corp.], 110 A.D.2d 639; Matter of Reinschreiber [Lipp], 70 A.D.2d 596; see also, Matter of Penepent Corp., 198 A.D.2d 782; Matter of Public Relations Aids, 109 A.D.2d 502).
O'Brien, J.P., Joy, Altman and Luciano, JJ., concur.
x
Alert
Please log in or sign up for a free trial to access this feature.