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New York Supreme Court, Commercial Division, at 60 Centre Street New York courts are frequently called upon to resolve disputes over whether a limited liability corporation (LLC) should be dissolved.
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. 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 are gone forever.
Judicial dissolution, informally called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. Dissolution is the revocation of a corporation's charter for significant harm to society. [ 2 ]
If a limited company’s liabilities outweigh its assets, or the company cannot pay its bills when they fall due, the company becomes insolvent. If the company is solvent , and the members have made a statutory declaration of solvency, the liquidation will proceed as a members' voluntary liquidation (MVL).
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
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Company and Securities Law Journal; Company Law of the People's Republic of China; Company register; List of official business registers; Company registration in Ghana; Comply or explain; Constitution (corporate) Constitutional documents; Corporate dissolution; Corporate governance; Proxy firm; Corporate haven; Corporate Insolvency and ...
The policy, which would have covered Anthem's plans in Connecticut, New York and Missouri, was disclosed in recent weeks, with the company's New York unit posting a notice on Dec. 1. The policy ...