{"data":{"id":"us-ny/n.y.-business-corporation-law-1102","jurisdiction":"us-ny","citation":"N.Y. Business Corporation Law § 1102","heading":"Directors' petition for judicial dissolution","body":"§ 1102. Directors' petition for judicial dissolution.\n  If a majority of the board adopts a resolution that finds that the\nassets of a corporation are not sufficient to discharge its liabilities\nor that a dissolution will be beneficial to the shareholders, it may\npresent a petition for its dissolution.","path":["Business Corporation Law","Article 11. Judicial Dissolution"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BSC/1102","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"d370c4ba80fbc39c4c7740b08fc448a736ed5996ac8058d66a5bb200230fb219","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-business-corporation-law-1101","next":"us-ny/n.y.-business-corporation-law-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}