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The Laws of New York
Consolidated Laws of New York
CHAPTER 4
Business Corporation
ARTICLE 11
Judicial Dissolution
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SECTION 1115
Injunction
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ARTICLE 11
Judicial Dissolution
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SECTION 1117
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This entry was published on 2014-09-22
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SECTION 1116
Discontinuance of action or special proceeding
Business Corporation (BSC) CHAPTER 4, ARTICLE 11
§ 1116. Discontinuance of action or special proceeding.

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.