Home/Pennsylvania/Statutes/Title 15: CORPORATIONS AND UNINCORPORATED ASSOCIATIONS/Part: PART II/Ch. 59: AMENDMENTS, SALE OF ASSETS/Subch.: INVOLUNTARY LIQUIDATION AND DISSOLUTION/§ 5988
Pennsylvania Statutes

§ 5988 — Discontinuance of proceedings; reorganization

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 59 AMENDMENTS, SALE OF ASSETS·Subch. INVOLUNTARY LIQUIDATION AND DISSOLUTION
The proceedings under this subchapter may be discontinued at any time if it is established that cause for liquidation no longer exists, in which event the court shall dismiss the proceedings and direct the receiver to redeliver to the nonprofit corporation all its remaining property and assets.

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Pennsylvania § 5988 (Discontinuance of proceedings; reorganization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(July 9, 2013, P.L.476, No.67, eff. 60 days)

Nearby Sections

15
§ 5902
Statement of termination
§ 5903
Bankruptcy or insolvency proceedings
§ 5904
(Reserved)
§ 5905
Proposal of fundamental transactions
§ 5911
Amendment of articles authorized
§ 5912
Proposal of amendments
§ 5913
Notice of meeting of members
§ 5914
Adoption of amendments
§ 5915
Articles of amendment
§ 5916
Filing and effectiveness of articles of amendment
§ 5930
Voluntary transfer of corporate assets
§ 5971
Voluntary dissolution by members or incorporators
§ 5972
Proposal of voluntary dissolution
§ 5973
Notice of meeting of members
§ 5974
Adoption of proposal
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