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The concept of one-stop deletion of data faces heavy opposition by business groups, [16] and the bill faced heavy lobbying from them in opposition. [14] The Consumer Data Industry Association , a trade association for credit bureaus and background-checking companies, claimed that the bill could undermine consumer fraud protections. [ 14 ]
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 ]
Voluntary liquidation occurs when the members of a company resolve to voluntarily wind up its affairs and dissolve. Voluntary liquidation begins when the company passes the resolution, and the company will generally cease to carry on business at that time (if it has not done so already). [17]
The Department of Corporations was originally known as the "State Corporation Department" and was created by the "Investment Companies Act". [1] Governor Hiram Johnson appointed H.L. Carnahan as California's first Commissioner of Corporations in 1914. The Investment Companies Act faced immediate opposition but was approved by the voters in a ...
[5] The dissolution also signaled an end to plans to develop the California Space Center. Difficulty in establishing the planned space center were also cited as reasons for dissolving the corporation. Santa Barbara County’s environmental review process was to add and additional three to five years to the process before construction could even ...
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A corporation is an organization ... they are mandatory, and in others, such as California, they are not. ... when creditors force the liquidation and dissolution of ...