New York Not-For-Profit 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 - Judicial Dissolution; Petition by Directors or Members; Petition in Case of Deadlock Among Directors or Members.
(a) A petition for the judicial dissolution of a corporation may be presented: (1) By a majority of the directors then in office, or by...
- 1103 - Contents of Petition for Judicial Dissolution.
A petition for dissolution shall specify the section, and the subparagraph or subparagraphs thereof, under which it is authorized and state the reasons why the...
- 1104 - 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...
- 1105 - 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...
- 1106 - 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...
- 1107 - 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,...
- 1108 - 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...
- 1109 - 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...
- 1110 - 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...
- 1111 - 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...
- 1112 - 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...
- 1113 - 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...
- 1114 - 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...
- 1115 - Applicability of Other Provisions.
(a) Subject to the provisions of this article, the provisions of sections 1006 (Corporate action and survival of remedies after dissolution), 1007 (Notice to creditors;...
Last modified: February 3, 2019