Section 1010. Revocation of voluntary dissolution proceedings  


Latest version.
  • (a)    At any time prior to the filing of a certificate of dissolution
      by the department of state, a corporation may revoke the action taken to
      dissolve the corporation in the following manner:
        (1)  If there are members entitled to vote thereon:
        (A)    Unless  the  certificate  of   incorporation   dispenses   with
      dissolution  action  by  the  board,  the board shall adopt a resolution
      recommending that the voluntary dissolution proceedings be  revoked  and
      directing submission of the proposed revocation to a vote of the members
      entitled to vote thereon.
        (B)    Revocation  of  the  voluntary dissolution proceedings shall be
      authorized by two-thirds vote as provided in paragraph  (c)  of  section
      613 (Vote of members).
        (2)    If there are no members entitled to vote thereon, revocation of
      the voluntary dissolution proceedings shall be authorized by the vote of
      a majority of the directors then in office.
        (3)  If approval of the dissolution of a corporation by a governmental
      body or officer is required, as provided in paragraph (c)    of  section
      1002  (Authorization  of  plan),  and  such  approval  has  been  given,
      revocation  of  the  voluntary  dissolution  proceedings  shall  not  be
      authorized without approval thereof by such body or officer.