Discontinuance of proceedings; reorganization

15 Pa.C.S. § 5988, under Amendments, Sale of Assets and Dissolution.

15 Pa.C.S. § 5988

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)