§ 1114. Discontinuance of action or special proceeding.\n An action or special proceeding for the dissolution of a corporation\nmay be discontinued at any stage when it is established that the cause\nfor dissolution did not exist or no longer exists. In such event, the\ncourt shall dismiss the action or special proceeding and direct any\nreceiver to redeliver to the corporation all its remaining property.\n
N.Y. Not-For-Profit Corp. Law § 1114
Discontinuance of action or special proceeding
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.