N.J.S.A. 15A:12-13 — Discontinuance of action or special proceeding

15A:12-13. 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 that event, the court shall dismiss the action or special proceeding and direct any receiver, appointed pursuant to this chapter, or other court appointed officer, to redeliver to the corporation all its remaining property. L.1983, c. 127, s. 15A:12-13, eff. Oct. 1, 1983.

This is the verbatim text of N.J.S.A. 15A:12-13, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.