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Business Litigation
- Partnership Disputes: Protection for Oppressed Minority Shareholders
- Why You Must Look at Your Shareholder agreement Differently when Faced with A Shareholder or Partner Dispute
- Franchise Litigation: Understanding the Role of Discovery in Franchise Litigation
- Termination of Your Gas Station Contracts: Renewal Protections Afforded by The New Jersey Franchise Practices Act
- Partnership Disputes: When Your Partners Construct a "Pre-Text" to Terminate Your Legal Rights
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Business Litigation
- New Jersey Partnership Law: Important Resources
- New Jersey Shareholder and Partner Disputes: Important Factors to Consider to Protect Your Business and Equity Interests
- Options When a Business Partner Withholds Information Business Records
- Property Rights of a Business Partner in New York
- Is Your Trademark Likely to Cause Confusion? The Lapp Test
Grounds for Dissolution of a New York Corporation: Dissolution by Fifty Percent Shareholder when Faced with Director or Shareholder Deadlock
Dissolution of your New York Corporation when Faced with Corporate DeadlockIf you are the owner of a small closely held corporation in New York and are faced with a dispute with your partners and a "corporate deadlock" it is critical that you understand your legal rights under New York law.
Important factors that you must evaluate and discuss with your business lawyer include:
- Initial Corporate Agreements are Critical. Your legal rights as a shareholder, officer and director will be impacted by the terms, if any, of your shareholder agreements, by-laws and certificate of incorporation. In many instances these documents may expand or limit the legal rights that might otherwise be available to you under New York law.
- Director/Shareholder Deadlock: Grounds for Dissolution. Pursuant to section 1104(a) of the New York Business Corporation Law if you are a fifty percent (50%) shareholder you may petition the court to dissolve your New York corporation based on one of the following grounds:
- That the directors are so divided respecting the management of the corporation's affairs that the votes required for action by the board cannot be obtained.
- That the shareholders are so divided the the votes required for the election of directors cannot be obtained.
- That there is internal dissention and two or more factions of shareholders are so divided that dissolution would be beneficial to the shareholders.
Contact New York and New Jersey Partnership and Shareholder Lawyer Charles N. Internicola, Esq. at 800. 976. 4904, to learn more about judicial dissolution and your rights as a shareholder or partner.
ARTICLES ABOUT NEW YORK PARTNERSHIP DISPUTES
BY NEW YORK AND NEW JERSEY PARTNERSHIP LAWYER CHARLES N. INTERNICOLA
- Rights of Minority Shareholders in New York: Grounds for Judicial Dissolution
- Dissolution of Your New York Corporation: Emergency Proceedings Under BCL Section 1106
- New York Partnership Disputes: Fiduciary Duties and Obligations Between Partners and Shareholders
- Partnerships in New York and New Jersey: Important Factors to Discuss with Your Lawyer
- Grounds for Dissolution of a New York Corporation: Dissolution by Fifty Percent Shareholder when Faced with Director or Shareholder Deadlock
- Important Remedy Available to Minority Shareholders of a New York Corporation: Judicial Dissolution
- New York Partnership Law: Important Resources
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
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Charles N. Internicola, Esq.
New York, New Jersey
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1610 Richmond Road
Staten Island, NY 10304
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