Laws of New York (Last Updated: November 21, 2014)

Section 1114. Discontinuance of action or special proceeding

Latest version.

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 such event, the
  court shall dismiss the action or  special  proceeding  and  direct  any
  receiver to redeliver to the corporation all its remaining property.

                    
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