43-38-1021 - Discontinuation of dissolution for lack of cause. - Tennessee Statutes

43-38-1021. Discontinuation of dissolution for lack of cause.

The involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings, if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets.

[Acts 2004, ch. 534, § 32.]