Grabowski v. Mustang Motels
Laurence Grabowski appeals from a judgment in favor of Mustang Motels, Inc., in the action he filed against his brother, Patrick Grabowski, several members of his brothers family, and several business entities, including Mustang.[1] The appeal concerns only the judgment for Mustang and only one cause of action, for inspection of corporate records and involuntary dissolution of Mustang. The trial court granted Mustangs motion for judgment (Code Civ. Proc., 631.8), explaining in its statement of decision Larry was not a shareholder of Mustang as he had transferred all his shares to his brother in 1977. And because Larry was on notice no later than 1981 that he was no longer considered a shareholder, the four year statute of limitations contained in section 343 barred any causes of action he had against Mustang.
On appeal, Larry primarily contends the trial courts statement of decision is insufficient because it does not adequately explain the basis for the finding he was no longer a shareholder of Mustang. He also contends that because he is a Mustang shareholder, the statute of limitations does not bar his right to seek its involuntary dissolution. Court find no merit to his contentions and affirm the judgment.
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