Summary
In a proceeding pursuant to Business Corporation Law § 1104-a for the judicial dissolution of a closely-held corporation, Jay Siskin and Penny Siskin appeal from an order of the Supreme Court, Nassau County (Austin, J.), dated July 3, 2002, which determined that the corporate trade name "Penny Preville" was a corporate asset and that its value was subject to distribution in dissolution.
In the Matter of Leslie & Penny for Penny Preville, Inc.
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See Also
Right to use of trade name does not include goodwill
The Appellate Division of the Supreme Court upheld the lower court's ruling that a clause in the shareholder agreement giving certain shareholders the exclusive right to continued use of a trade name did not explicitly give them the right to the value of the corporation's goodwill associated with the trade name ...