New York Statutes

§ 1102 — Directors' petition for judicial dissolution

New York·Law BSC Business Corporation·Art. 11 Judicial Dissolution
§ 1102. Directors' petition for judicial dissolution.\n If a majority of the board adopts a resolution that finds that the\nassets of a corporation are not sufficient to discharge its liabilities\nor that a dissolution will be beneficial to the shareholders, it may\npresent a petition for its dissolution.\n

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