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When 50-50 Isn’t Deadlock: New York Court Rejects Corporate Dissolution
Not every disagreement among the owners of a closely held corporation warrants judicial dissolution. Although Business Corporation Law (“BCL”) §§ 1104 and 1104-a authorize dissolution in circumstances involving shareholder deadlock, internal dissension, or oppressive conduct, dissolution remains a drastic remedy. Particularly under BCL § 1104, the critical question is whether the disagreement has translated into a genuine deadlock that prevents the corporation from successful

Jeffrey Haber
5 minutes ago9 min read
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