Sometimes the tax collector can prove the bigger impediment to minority shareholder claims than the majority shareholders, as explained in this week’s New York Business Divorce featuring a recent case involving a Delaware corporation whose charter was voided for nonpayment of taxes.
Continue Reading Minority Shareholders’ Derivative Suit Foiled by Voiding of Corporation’s Charter for Nonpayment of Taxes

In this week’s New York Business Divorce, the curious case of Lowbet Realty makes its second appearance on the occasion of a new decision this month by Justice Carolyn Demarest addressing the fallout from an unauthorized sale of the corporation’s real property after the commencement of a dissolution proceeding, and the victimized shareholder’s effort to have the sale rescinded under Section 1114 of the Business Corporation Law. Don’t miss it!
Continue Reading The Dissolution Court’s Broad Powers to Void Post-Filing Conveyances