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Second Department Rejects Private Auction for Deadlocked Corporation

Photo of Peter J. Sluka
By Peter J. Sluka on May 22, 2023
Posted in Dissolution Basics, Dissolution Procedure
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If you petition for deadlock-based dissolution, be prepared to liquidate via public sale. This week’s post explores the Second Department’s recent decision reversing a post-dissolution buyout of one shareholder via private auction. …
Continue Reading Second Department Rejects Private Auction for Deadlocked Corporation

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