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Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
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Title15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS |
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PARTII. CORPORATIONS |
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SUBPARTC. NONPROFIT CORPORATIONS |
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ARTICLEB. DOMESTIC NONPROFIT CORPORATIONS GENERALLY |
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CHAPTER59. AMENDMENTS, SALE OF ASSETS AND DISSOLUTION |
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SUBCHAPTERG. INVOLUNTARY LIQUIDATION AND DISSOLUTION |
§5988. Discontinuance of proceedings; reorganization.
Latest version.
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The proceedings under this subchapter may be discontinued at any time if it is established that cause for liquidation no longer exists, in which event the court shall dismiss the proceedings and direct the receiver to redeliver to the nonprofit corporation all its remaining property and assets.
(July 9, 2013, P.L.476, No.67, eff. 60 days)