Is "Corporate Deadlock" or "Shareholder Deadlock" a Basis for Dissolution of a New York Corporation?

 

A: Yes. Pursuant to Business Corporation Law Section 1104 "Shareholder Deadlock" is a basis for dissolution.

To Learn More About Your Rights as a Shareholder, Member or Partner of a New York or New Jersey business entity, we suggest the following articles: 

• Partnership Disputes in NY and NJ: Factors to Discuss with Your Lawyer
•  Grounds for Dissolution of a New York Corporation
  

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