17-6911. Discontinuance of liquidation of assets; dismissal of receiver.
17-6911
17-6911. Discontinuance of liquidation of assets;
dismissal of receiver.
The liquidation of the assets and business of an insolvent corporation may be
discontinued at any time during the liquidation proceedings when it is
established that cause for liquidation no longer exists. In such event the
district court in its discretion, and subject to such condition as it may deem
appropriate, may dismiss the proceedings and direct the receiver to redeliver
to the corporation all of its remaining property and assets.
History: L. 1972, ch. 52, § 114;
L. 2004, ch. 143, § 72; Jan. 1, 2005.