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



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