The liquidation of the assets and affairs of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In that event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.
R.I. Gen. Laws § 7-6-64
Discontinuance of liquidation proceedings
Known as the Rhode Island Nonprofit Corporation Act
The act spans §§ 7–7 (116 sections).
P.L. 1984, ch. 380, § 1; P.L. 1984, ch. 444, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.