Judicial Dissolution
/ˌdʒuːdɪʃəl dɪˈsɒl.juː.ʃən/
Definitions
- (n.) The court-ordered termination of a legal entity, such as a corporation or partnership, due to legal grounds like deadlock or illegality.
The shareholders petitioned for judicial dissolution after the partners failed to resolve their disputes.
Forms
- judicial dissolution
Related terms
See also
Commentary
Judicial dissolution is typically sought when internal conflicts or statutory violations prevent the continued existence of a legal entity; drafting should clearly specify the legal basis and remedy sought.
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.