§ 7-1.2-1319 - Discontinuance of liquidation proceedings. - Rhode Island Statutes

SECTION 7-1.2-1319

   § 7-1.2-1319  Discontinuance of liquidationproceedings. – The liquidation of the assets and business of a corporation may be discontinuedat any time during the liquidation proceedings when it is established thatcause for liquidation no longer exists. In that event the court dismisses theproceedings, it shall direct the receiver to redeliver to the corporation allits remaining property and assets, and shall order any notice to creditors thatthe court deems proper under the circumstances.