Corporate Dissolution
/ˌkɔːrpərət dɪsəˈluːʃən/
Definitions
- (n.) The formal legal process by which a corporation ceases to exist, including liquidation of assets and settlement of liabilities.
The corporate dissolution was finalized after all debts were paid and assets distributed.
Forms
- corporate dissolution
Related terms
See also
Commentary
Corporate dissolution typically requires compliance with statutory procedures and may involve court approval depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.