Wind Up Definition and Legal Meaning

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

What is Wind Up?

(v) Wind up is used to represent the ending of all activities of a corporation or an association of persons. For example wind up the expedition due to bad weather and Wind up manufacturing section of a company etc. It is specifically used to represent the closure of activities of a corporation or association of persons so that its assets and liabilities are disposed off and shared among the owners.