§ 7-1.2-1319. Discontinuance of liquidation proceedings.
The liquidation of the assets and business 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 the event that the court dismisses the proceedings, it shall direct the receiver to redeliver to the corporation all its remaining property and assets, and shall order any notice to creditors that the court deems proper under the circumstances.
History of Section.P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2; P.L. 2005, ch. 120, § 1; P.L. 2005, ch. 130, § 1.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-1.2 - Rhode Island Business Corporation Act
Part 13 - Dissolution and Revocation
Section 7-1.2-1301. - Voluntary dissolution by incorporators.
Section 7-1.2-1302. - Voluntary dissolution by consent of shareholders.
Section 7-1.2-1303. - Voluntary dissolution by act of corporation.
Section 7-1.2-1304. - Revocation of voluntary dissolution proceedings by consent of shareholders.
Section 7-1.2-1305. - Revocation of voluntary dissolution proceedings by act of corporation.
Section 7-1.2-1306. - Filing of statement of revocation of voluntary dissolution proceedings.
Section 7-1.2-1307. - Effect of statement of revocation of voluntary dissolution proceedings.
Section 7-1.2-1308. - Articles of dissolution.
Section 7-1.2-1309. - Filing of articles of dissolution.
Section 7-1.2-1310. - Revocation of articles of incorporation.
Section 7-1.2-1311. - Issuance of certificates of revocation.
Section 7-1.2-1312. - Withdrawal of certificate of revocation.
Section 7-1.2-1313. - Appeal from revocation of articles of incorporation.
Section 7-1.2-1314. - Jurisdiction of court to liquidate assets and business of corporation.
Section 7-1.2-1315. - Avoidance of dissolution by share buyout.
Section 7-1.2-1316. - Procedure in liquidation of corporation by court.
Section 7-1.2-1317. - Bond of receivers.
Section 7-1.2-1318. - Filing of claims in liquidation proceedings.
Section 7-1.2-1319. - Discontinuance of liquidation proceedings.
Section 7-1.2-1320. - Decree of involuntary dissolution.
Section 7-1.2-1321. - Filing of decree of dissolution.
Section 7-1.2-1322. - Deposit with state treasury of amount due certain shareholders.
Section 7-1.2-1323. - Jurisdiction of court to appoint a receiver.
Section 7-1.2-1324. - Survival of remedy after dissolution.
Section 7-1.2-1325. - Continuation of certain corporate powers.