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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:  Previous  Article 11  1101  1102  1103  1104  1104-A  1105  1106  1107  1108  1109  1110  1111  1112  1113  Next

Last modified: February 14, 2012