15A:12-13 - Discontinuance of action or special proceeding - New Jersey Statutes

15A:12-13.  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 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.