N.Y. Not-for-Profit Corporation Law 1103 – Contents of petition for judicial dissolution
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§ 1103. Contents of petition for judicial dissolution.
Terms Used In N.Y. Not-for-Profit Corporation Law 1103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A petition for dissolution shall specify the section, and the subparagraph or subparagraphs thereof, under which it is authorized and state the reasons why the corporation should be dissolved. It shall be verified by the petitioner or by one of the petitioners.