17-6911. Discontinuance of liquidation of assets; dismissal of trustee or receiver. The liquidation of the assets and business of an insolvent 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 district court in its discretion, and subject to such condition as it may deem appropriate, may dismiss the proceedings and direct the trustee or receiver to redeliver to the corporation all of its remaining property and assets.
History: L. 1972, ch. 52, § 114; L. 2004, ch. 143, § 72; L. 2016, ch. 110, § 99; July 1.
Structure Kansas Statutes
Article 69 - Insolvency; Receivers
17-6901 Receivers for insolvent corporations; appointment; powers.
17-6903 Same; notices to stockholders and creditors.
17-6904 Same; filing inventory of corporate assets and list of debts owing and receivable.
17-6905 Same; proof of claims by creditors; claims barred, when; notice.
17-6906 Same; procedure for adjudicating creditors' claims; appeal.
17-6907 Same; sale of perishable or deteriorating property during pendency of litigation.
17-6908 Same; compensation, costs and expenses.
17-6909 Same; substitution of receiver as plaintiff; abatement of actions.
17-6910 Employee's lien for wages when corporation insolvent.
17-6911 Discontinuance of liquidation of assets; dismissal of trustee or receiver.
17-6912 Compromise or arrangement between corporation and stockholders or creditors.
17-6913 Proceeding under the federal bankruptcy code of the United States; implementation.