Filed Date: 4/26/1999
Status: Precedential
Modified Date: 11/1/2024
—In a proceeding pursuant to Business Corporation Law § 1104-a seeking, inter alia, the dissolution of the respondent corporation, the petitioner appeals from so much of an order of the Supreme Court, Nassau County (Joseph, J.), dated May 14, 1998, as determined that the valuation date of the corporation and its shares is the day prior to the date on which the instant petition was filed.
Ordered that the order is affirmed insofar as appealed from, with costs.
Contrary to the petitioner’s contention, the Supreme Court properly adhered to Business Corporation Law § 1118 (b) in determining the valuation date of his shares. Business Corporation Law § 1118 (b) states that a court may, inter alia, “determine the fair value of the petitioner’s shares as of the