Dissolution Of Corporation Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Dissolution Of Corporation, written in plain English, along with examples of how it is used.

What is Dissolution Of Corporation?

n. A corporation’s termination either a) voluntary by paying all debts, distributing assets and filing documents of dissolution with the Secretary of State; or b) by suspension from the state for not paying corporate taxes or some other government action.