dissolution of corporation

   The termination of a corporation. This can be voluntary, by resolution, payment of debts, distribution of assets, and filing of the appropriate documents with the state authorities. It can also be involuntary, by state action, for failure to pay corporate taxes or some other offense.

Business law dictionary. 2015.

Look at other dictionaries:

  • dissolution of corporation — Termination of a corporation with the Secretary of State or state corporations division by filing documents to withdraw the corporation as a business entity. Dissolution can either be started voluntarily, by resolution of the shareholders, or… …   Law dictionary

  • dissolution of corporation — The termination of the existence of the corporation and its utter extinction and obliteration as an entity or body. 19 Am J2d Corp § 1586. See de facto dissolution; winding up …   Ballentine's law dictionary

  • dissolution — dis·so·lu·tion /ˌdi sə lü shən/ n: the act or process of ending: as a: the termination of an organized body (as a court) b: the ending of a partnership relationship caused by the withdrawal of one of the partners from the relationship c: the… …   Law dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • Dissolution — or dissolve may refer to: Dissolution (law), in law, means to end a legal entity or agreement such as a marriage, adoption, or corporation Dissolution (chemistry), or solvation, in chemistry, the process of dissolving a solid substance into a… …   Wikipedia

  • dissolution — Act or process of dissolving; termination; winding up. In this sense it is frequently used in the phrase dissolution of a partnership. See partnership, below, this topic. Contracts. The dissolution of a contract is the cancellation or abrogation… …   Black's law dictionary

  • Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… …   Wikipedia

  • winding up a corporation — See: dissolution of corporation Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • withdrawal of a corporation — See: dissolution of corporation Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

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