§1108. Discontinuance of liquidation proceedings






The liquidation of the assets and activities 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. [1977, c. 525, §13 (NEW).]





SECTION HISTORY

1977, c. 525, §13 (NEW).