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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 ]
The dissolution of New York LLCs is governed by Article 7 of the New York Limited Liability Company Law (LLCL). Section 702 thereof provides that, as one ground, judicial dissolution may be ...
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However, many residents see dissolution as a potential loss of services and of the village identity. It has become a polarizing issue for residents. A referendum on dissolution was thrice during the period 2000-2010. The idea had been debated since the village commissioned a study to predict results and tax savings after dissolution in 2001.
Dissolution in politics is when a state, institution, nation, or administrative region dissolves or ceases to exist, usually separating into two or more entities, or being annexed. This can be carried out through armed conflict , legal means , diplomacy , or a combination of any or all of the three.
The New York State Register is the official journal of the New York state government that contains information on proposed regulations and rulemaking activities. [1] The New York State Register is published weekly by the New York State Department of State 's Division of Administrative Rules. [ 1 ]
Randolph was the first location settled within the town, circa 1820. The village of Randolph was incorporated in 1867. Voters in the village approved the dissolution of the village into a hamlet within the town of Randolph on March 16, 2010, becoming one of four villages in the county to have approved a village dissolution plan within a six-month span.
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