Legal Dictionary
dissolution
Legal Definition of dissolution
- The act of ending, terminating or winding-up a company or state of affairs.
Example: When the life of a company is ended by normal legal means, it is said to be "dissolved". The same is said of marriage or partnerships which, by dissolution, ends the legal relationship between those persons formally joined by the marriage or partnership.
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Definition of dissolution
Etymology
Pronunciation
Noun
dissolution (plural dissolutions)
- The termination of an organized body or legislative assembly, especially a formal dismissal.
- Disintegration, or decomposition into fragments.
- Dissolving, or going into solution.
Further reading
In law, dissolution has multiple meanings.
Dissolution is the last stage of liquidation, the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed.
Dissolution may also refer to the termination of a contract or other legal relationship; for example, the dissolution of a marriage, or divorce.
Dissolution is also the term for the legal process by which an adoption is reversed. While this applies to the vast majority of adoptions which are terminated, they are more commonly referred to as disruptions, even though that term technically applies only to those that are not legally complete at the time of termination.
In international law, dissolution is when a state has broken up into several entities, and no longer has power over those entities, as it used to previously have. An example of this is the case of the former USSR dissolving into different republics.
References:
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
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