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 such event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.
RCW 24.06.320
Discontinuance of liquidation proceedings.
Known as the Nonprofit Miscellaneous and Mutual Corporation Act
The act spans §§ 24–24 (114 sections).
1969 ex.s. c 120 s 64.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.