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1116 — New York Law | CourtGPT
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  5. Article 11 - Judicial Dissolution1104-a - Petition for Judicial Dissolution Under Special Circumstances/
  6. 1116
New York Legal Code

1116

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\nAn action or special proceeding for the dissolution of a corporation may be discontinued at any stage when it is established that the cause for dissolution did not exist or no longer exists. In such event, the court shall dismiss the action or special proceeding and direct any receiver to redeliver to the corporation all its remaining property.