15A:12-13. Discontinuance of action or special proceeding
77 words·~1 min read·
/nj/title-15a/chapter-12/15a-12-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.