One normally does not associate business divorce and judicial dissolution litigation with an organization with over five million members. Last year witnessed a major departure from the norm when a Commercial Division Justice of the Supreme Court rejected the New York Attorney General’s controversial bid to dissolve the National Rifle Association under the Not-for-Profit Corporation Law’s involuntary dissolution provisions based on allegations of financial impropriety by some of its top executives.

In addition to the NRA case, this column highlights a pair of noteworthy appellate decisions in cases brought under Section 1104-a of the Business Corporation Law complaining of minority shareholder oppression, and a trial court’s decision denying dismissal of a complaint seeking judicial dissolution of a limited liability company whose Caribbean real estate development project stalled for over a decade.

 NRA Spared ‘Corporate Death Penalty’

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