Legal Question in Business Law in New York

In a corporation in which there are two 50/50 partners, can one person clean out an entire physical site of its machinery and papers without the other's knowledge simply because he is a partner?


Asked on 3/03/12, 9:02 am

2 Answers from Attorneys

Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Generally no. However, it could depend on the bylaws, ownership of the machines, any financing the machinery may be subject to, any side agreements between the shareholders.

I suggest you contact an attorney as soon as possible to address the matter. Feel free to contact my office at your earliest convenience.


Roman R. Fichman, Esq.

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Answered on 3/03/12, 6:16 pm
Steven Czik CZIK LAW PLLC

Very unlikely. This is probably a matter for which you should immediately retain an experienced attorney to preserve your rights and take the necessary steps on your behalf to get you compensated for your damages or to at least get the partner to return the property. We have substantial experience handling these types of cases and very reasonable fees. However, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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Answered on 3/07/12, 10:21 am


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