New Mexico Statutes
§ 53-16-20 — Discontinuance of liquidation proceedings
The liquidation of the assets and business of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event, the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.
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New Mexico § 53-16-20 (Discontinuance of liquidation proceedings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 51-29-20, enacted by Laws 1967, ch. 81, § 98.
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
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Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
Authorized shares