[§415A-18.5]  Trustees or receivers fordissolved professional corporations; appointment; powers; duties.  (a) When any professional corporation organized and authorized to issue sharesunder the laws of this State shall be or shall have been dissolved or shallcease or shall have ceased to exist, the circuit court, upon application of anycreditor, stockholder, or director of the corporation, or any other person whoshows good cause therefor, and upon a finding that the persons responsible forsettling the unfinished business and winding up the affairs of the corporationeither are not diligently pursuing such obligations, or cannot be found orotherwise are not available, may either appoint one or more of the directors ofthe corporation to be trustees or appoint one or more persons to be receiversof and for the corporation, to do all acts that are necessary for the finalsettlement of the unfinished business of the corporation.  The powers of thetrustees or receivers shall be effective for the time period determined by thecircuit 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 or other statestatutes or rules on the subject, the more beneficial provisions favoring theapplicant shall prevail. [L 2008, c 54, §1]