15 Pa. C.S. § 5988

Current through 2024 legislation effective May 8, 2024

Section 5988 - Discontinuance of proceedings; reorganization

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

15 Pa.C.S. § 5988

Amended by P.L. 476 2013 No. 67, § 45, eff. 9/7/2013.

1972, Nov. 15, P.L. 1063, No. 271, § 7988, effective in 90 days. Renumbered 1988, Dec. 21, P.L. 1444, No. 177, § 103, effective Oct. 1, 1989.