New York Business Corporation Law Article 11 - JUDICIAL DISSOLUTION
- 1101 - Attorney-General's Action for Judicial Dissolution.
(a) The attorney-general may bring an action for the dissolution of a corporation upon one or more of the following grounds: (1) That the corporation...
- 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...
- 1103 - Shareholders' Petition for Judicial Dissolution.
(a) If the shareholders of a corporation adopt a resolution stating that they find that its assets are not sufficient to discharge its liabilities, or...
- 1104 - Petition in Case of Deadlock Among Directors or Shareholders.
(a) Except as otherwise provided in the certificate of incorporation under section 613 (Limitations on right to vote), the holders of shares representing one-half of...
- 1104-a - Petition for Judicial Dissolution Under Special Circumstances.
(a) The holders of shares representing twenty percent or more of the votes of all outstanding shares of a corporation, other than a corporation registered...
- 1105 - Contents of Petition for Judicial Dissolution.
A petition for dissolution shall specify the section or sections of this article under which it is authorized and state the reasons why the corporation...
- 1106 - Order to Show Cause; Issuance; Publication, Service, Filing.
(a) Upon the presentation of such a petition, the court shall make an order requiring the corporation and all persons interested in the corporation to...
- 1107 - Amending Papers.
At any stage, before final order, the court may grant an order amending the petition or any other paper filed in the action or special...
- 1108 - Referee.
If a referee was not designated in the order to show cause, the court, in its discretion, may appoint a referee when or after the...
- 1109 - Hearing and Decision.
At the time and place specified in the order to show cause, or at any other time and place to which the hearing is adjourned,...
- 1110 - Application for Final Order.
When the hearing is before a referee, a motion for a final order must be made to the court upon notice to each party to...
- 1111 - Judgment or Final Order of Dissolution.
(a) In an action or special proceeding under this article if, in the court's discretion, it shall appear that the corporation should be dissolved, it...
- 1112 - Venue.
An action or special proceeding under this article shall be brought in the supreme court in the judicial district in which the office of the...
- 1113 - Preservation of Assets; Appointment of Receiver.
At any stage of an action or special proceeding under this article, the court may, in its discretion, make all such orders as it may...
- 1114 - Certain Sales, Transfers, Security Interests and Judgments Void.
A sale, mortgage, conveyance or other transfer of, or the creation of a security interest in, any property of a corporation made, without prior approval...
- 1115 - Injunction.
(a) At any stage of an action or special proceeding under this article, the court may, in its discretion, grant an injunction, effective during the...
- 1116 - 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...
- 1117 - Applicability of Other Provisions.
(a) Subject to the provisions of this article, the provisions of sections 1005 (Procedure after dissolution), 1006 (Corporate action and survival of remedies after dissolution),...
- 1118 - Purchase of Petitioner's Shares; Valuation.
(a) In any proceeding brought pursuant to section eleven hundred four-a of this chapter, any other shareholder or shareholders or the corporation may, at any...
Last modified: February 3, 2019