Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1214
Application by attorney-general for removal of receiver and to close receivership
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 12
§ 1214. Application by attorney-general for removal of receiver and to

close receivership.

(a) Whenever he or she deems it to be to the advantage of the members,
creditors or other persons interested in the assets of any corporation
for which a receiver has been appointed, the attorney-general may move:

(1) For an order removing the receiver and appointing another
receiver;

(2) To compel the receiver to account;

(3) For such other and additional orders as may facilitate the closing
of the receivership.