New York Statutes
§ 1116 — Discontinuance of action or special proceeding
New York § 1116
This text of New York § 1116 (Discontinuance of action or special proceeding) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Business Corporation § 1116 (2026).
Text
§ 1116. Discontinuance of action or special proceeding.\n An action or special proceeding for the dissolution of a corporation\nmay be discontinued at any stage when it is established that the cause\nfor dissolution did not exist or no longer exists. In such event, the\ncourt shall dismiss the action or special proceeding and direct any\nreceiver to redeliver to the corporation all its remaining property.\n
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Related
In re Musilli
134 A.D.2d 15 (Appellate Division of the Supreme Court of New York, 1987)
In re Astoria Sports Complex, Inc.
5 A.D.3d 681 (Appellate Division of the Supreme Court of New York, 2004)
Lipton v. Carmel Professional Office Park, Inc.
308 A.D.2d 452 (Appellate Division of the Supreme Court of New York, 2003)
Nearby Sections
15
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Bluebook (online)
New York § 1116, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BSC/1116.