☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Dissolution (Corporate)

The termination of a corporation's legal existence, either voluntarily by the shareholders or involuntarily by court order, followed by the winding up of affairs and distribution of assets.

Etymology: Latin 'dissolutio' (a dissolving) · Category: Corporate Law · Source: Model Business Corporation Act §§ 14.01-14.40
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