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Pennsylvania · Through 2026-07-28 (Statute Update stamp, 15 Pa.C.S.)

15 Pa.C.S. § 1988: Discontinuance of proceedings; reorganization.

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Where this section sits in the code
  1. Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
  2. PART II CORPORATIONS
  3. SUBPART B BUSINESS CORPORATIONS
  4. ARTICLE B DOMESTIC BUSINESS CORPORATIONS GENERALLY
  5. CHAPTER 19 FUNDAMENTAL CHANGES
  6. SUBCHAPTER G INVOLUNTARY LIQUIDATION AND DISSOLUTION

The proceedings under this subchapter may be discontinued at any time when it is established that cause for liquidation no longer exists. In that event, the court shall dismiss the proceedings and direct the receiver to redeliver to the business corporation all its remaining property and assets.

Collected 2026-09-02T16:31:13Z. Source file · JSON

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