Oklahoma § 18-1116 Discontinuance of Liquidation.

Oklahoma Statutes

§ 18-1116 — Discontinuance of Liquidation.

Oklahoma·Title 18 Corporations

DISCONTINUANCE OF LIQUIDATION The liquidation of the assets and business of an insolvent 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 district court in its discretion, and subject to such condition as it may deem appropriate, may dismiss the proceedings and direct the receiver or trustee to redeliver to the corporation all of its remaining property and assets.

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DISCONTINUANCE OF LIQUIDATION The liquidation of the assets and business of an insolvent 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 district court in its discretion, and subject to such condition as it may deem appropriate, may dismiss the proceedings and direct the receiver or trustee to redeliver to the corporation all of its remaining property and assets.

Oklahoma § 18-1116 (Discontinuance of Liquidation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.