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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 ]
Order the dissolution and liquidation of cooperatives as well as the transfer of all or substantially all of their assets and liabilities; Compel the cooperative to call a general or representative assembly, as deemed necessary, under the supervision of the Authority with the participation of their respective cooperative federations or unions;
The Metropolitan Manila Transit Corporation (MMTC) was a government-owned transport company in Metro Manila, the Philippines. At its peak, the MMTC operated several bus routes in Metro Manila. It was most well known for its Love Bus and double-decker bus routes.
ABS-CBN Corporation filed petitions before the Supreme Court of the Philippines on May 7, seeking to nullify the NTC's cease and desist order; National Telecommunications Commission and Solicitor General Jose Calida issued two alias cease and desist orders on ABS-CBN TV Plus and Sky Direct, effectively ceasing operations on June 30
After the dissolution of the MICAA in 1983, the Philippine Amateur Basketball League, later renamed Philippine Basketball League, was formed in 1983 to take its place as the major amateur basketball league in the Philippines. SMC was one of the league's founding members and remained until the league became dormant in 2010.
The Board of the Philippines, large-format oil on canvas by Francisco Goya in 1815 (Goya Museum, Castres, France). The Royal Company of the Philippines (Spanish: Real Compañía de Filipinas) was a chartered company founded in 1785, directed to establish a monopoly on the Spanish Philippines and all surrounding trade. It weakened in importance ...
Going through a formal dissolution process means business owners are much less likely to be surprised with a lawsuit for an unpaid debt or a fee or fine from a government agency in the future. How ...
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.