The involuntary or supervised voluntary dissolution of a corporation shall be discontinued at any time during the dissolution proceedings when it is established that cause for dissolution no longer exists. When this is established, the court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the corporation all its remaining property and assets and to file a final report pursuant to section 576.38, subdivision 3 .
Minn. Stat. § 302A.761
DISCONTINUANCE OF DISSOLUTION PROCEEDINGS.
Known as the Minnesota Business Corporation Act
The act spans §§ 302A.001 to 302A.92 (139 sections).
1981 c 270 s 113; 2012 c 143 art 3 s 5
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.