certificate of dissolution
- certificate of dissolution
-
USA
The certificate filed with the state once a company no longer wishes to continue in existence in its domiciled state. Even after a certificate of dissolution is filed, a company's existence may be continued for certain limited purposes. For example, in the state of Delaware a dissolved corporation or LLC may be continued for the purposes of winding up its business such as disposing of property, discharging of liabilities, prosecuting and defending laws suits and so on.
Specific filing requirements vary from state to state, so it is important to review the statutes governing business entities in the state where you decide to dissolve.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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