New York Business Corporation - Article 11 - § 1102 Directors' Petition for Judicial Dissolution
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§ 1102. Directors' petition for judicial dissolution.
If a majority of the board adopts a resolution that finds that the
assets of a corporation are not sufficient to discharge its liabilities
or that a dissolution will be beneficial to the shareholders, it may
present a petition for its dissolution.
Section: Article 11 1101 1102 1103 1104 1104-A 1105 1106 1107 1108 1109 1110 1111 1112 1113
Last modified: February 14, 2012
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