Expressly disavowing one of its own precedents, the Appellate Division, First Department, held that a New York court does not have the authority to dissolve a business entity formed under the laws of another state.
“We recognize that in Matter of Hospital Diagnostic Equip. Corp. (HDE Holdings-Klamm), 205 AD2d 459 (1st Dept 1994), this court, in a brief memorandum decision, rejected a challenge to the court’s jurisdiction to dissolve a foreign corporation,” Justice Rosalyn Richter wrote for a unanimous panel on Thursday. “We now conclude that Hospital Diagnostic should no longer be followed.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
