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the New York Laws
2023 New York Laws
BSC - Business Corporation
Article 11 - Judicial Dissolution
1102 - Directors' Petition for Judicial Dissolution.
Universal Citation:
NY Bus Corp L § 1102 (2023)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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§ 1102. Directors' petition for judicial dissolution.If a majority of the board adopts a resolution that finds that the assets of a corporation are not sufficient to discharge its liabilities or that a dissolution will be beneficial to the shareholders, it may present a petition for its dissolution.
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