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FINDLAW LEGAL DICTIONARY

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Dissolution

dissolution 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 termination of a corporation

involuntary dissolution
: dissolution of a corporation by a court in response to a shareholder petition based on statutorily prescribed grounds

voluntary dissolution
: dissolution of a corporation upon the initiative of the directors and with approval of a certain percentage of the shareholders
d : the termination of an injunction or stay by court order
e : the termination of a marriage by divorce



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.