Just Add Water: Dissolving a Deadlocked Corporation in Massachusetts.

The Supreme Judicial Court in its recent decision in Koshy v. Sachdev (SJC-1222) issued its first interpretation of the Massachusetts G.L. c. 156D, section 14.30, the Massachusetts corporate dissolution statute, and held that a 50% shareholder who had demonstrated “true deadlock” could proceed with a petition for involuntary dissolution.

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#Shareholderrights #Familyandcloselyheldbusinesses #SJC #Deadlock #dissolution

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