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2017 New Mexico Statutes
Chapter 53 - Corporations
Article 16 - Business Corporations; Dissolution of Corporations
Section 53-16-20 - Discontinuance of liquidation proceedings.
Universal Citation: NM Stat § 53-16-20 (2017)
53-16-20. Discontinuance of liquidation proceedings.
The liquidation of the assets and business of a 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 court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.
History: 1953 Comp., 51-29-20, enacted by Laws 1967, ch. 81, 98.
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