[§414D-245.5]  Trustees or receiversfor dissolved corporations; appointment; powers; duties.  (a)  When anycorporation organized under the laws of this State shall be or shall have beendissolved or shall cease or shall have ceased to exist, the circuit court, uponapplication of any creditor, member, or director of the corporation, or anyother person who shows good cause therefor, and upon a finding that the personsresponsible for settling the unfinished business and winding up the affairs ofthe corporation either are not diligently pursuing such obligations, or cannotbe found or otherwise are not available, may either appoint one or more of thedirectors of the corporation to be trustees or appoint one or more persons tobe receivers of and for the corporation, to do all acts that are necessary forthe final settlement of the unfinished business of the corporation.  The powersof the trustees or receivers shall be effective for the time period determinedby the circuit court.

(b)  The relief provided in this section shallbe in addition to, and shall not limit or diminish, any remedies otherwiseavailable under the common law or other state or federal statutes or rules.  Inthe event of a conflict between this section and any common law, statute, or ruleon the subject, the more beneficial provisions favoring the applicant shallprevail. [L 2004, c 121, §2]