An action or special proceeding for the dissolution of a corporation
may be discontinued at any stage when it is established that the cause
for dissolution did not exist or no longer exists. In such event, the
court shall dismiss the action or special proceeding and direct any
receiver to redeliver to the corporation all its remaining property.
Structure New York Laws
Article 11 - Judicial Dissolution
1101 - Attorney-General's Action for Judicial Dissolution.
1102 - Directors' Petition for Judicial Dissolution.
1103 - Shareholders' Petition for Judicial Dissolution.
1104 - Petition in Case of Deadlock Among Directors or Shareholders.
1104-A - Petition for Judicial Dissolution Under Special Circumstances.
1105 - Contents of Petition for Judicial Dissolution.
1106 - Order to Show Cause; Issuance; Publication, Service, Filing.
1110 - Application for Final Order.
1111 - Judgment or Final Order of Dissolution.
1113 - Preservation of Assets; Appointment of Receiver.
1114 - Certain Sales, Transfers, Security Interests and Judgments Void.
1116 - Discontinuance of Action or Special Proceeding.