N.Y. Bus. Corp. Law § 1102

Current through 2024 NY Law Chapter 443

Section 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.

N.Y. Bus. Corp.Law § 1102