§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. [PL 1977, c. 525, §13 (NEW).]
SECTION HISTORY
PL 1977, c. 525, §13 (NEW).
Structure Maine Revised Statutes
TITLE 13-B: MAINE NONPROFIT CORPORATION ACT
13-B §1101. Voluntary dissolution
13-B §1101-A. Voluntary dissolution by incorporators
13-B §1102. Revocation of voluntary dissolution proceedings
13-B §1103. Effect of statement of revocation of voluntary dissolution proceedings
13-B §1104. Articles of dissolution
13-B §1104-A. Bylaws; disposal of assets
13-B §1105. Dissolution pursuant to court order
13-B §1106. Procedure in liquidation of corporation by court
13-B §1107. Filing of claims in liquidation proceedings
13-B §1108. Discontinuance of liquidation proceedings
13-B §1109. Decree of dissolution
13-B §1110. Deposit with Treasurer of State of undistributed assets
13-B §1111. Survival of remedy after dissolution; liquidating trustees
13-B §1112. Grounds for administrative dissolution
13-B §1113. Procedure for and effect of administrative dissolution
13-B §1114. Reinstatement following administrative dissolution
13-B §1115. Appeal from denial of reinstatement
13-B §1116. Reinstatement of suspended corporate charter
13-B §1117. Revival of nonprofit corporation after dissolution
13-B §1118. Late reinstatement of nonprofit corporation after administrative dissolution