501A.1212 - DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.

        501A.1212  DISCONTINUANCE OF COURT-SUPERVISED      DISSOLUTION PROCEEDINGS.         The involuntary or supervised voluntary dissolution of a      cooperative may be discontinued at any time during the dissolution      proceedings if it is established that cause for dissolution does not      exist.  The court shall dismiss the proceedings and direct the      receiver, if any, to redeliver to the cooperative its remaining      property and assets.  
         Section History: Recent Form
         2005 Acts, ch 135, §96