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New York Consolidated Laws, Business Corporation Law - BSC § 1102. Directors' petition for judicial dissolution

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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.

Cite this article: FindLaw.com - New York Consolidated Laws, Business Corporation Law - BSC § 1102. Directors' petition for judicial dissolution - last updated January 01, 2021 | https://codes.findlaw.com/ny/business-corporation-law/bsc-sect-1102/


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