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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 Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
Since the establishment of the doctrine in Pennsylvania, many courts have adopted their own versions of the doctrine or rejected it. The de facto merger in application allows courts to declare the nature of a transaction stated as a sale-of-assets into a merger; therefore, all rights and liabilities attached to a statutory merger would be applied.
Many small business owners opt for a dissolution of their LLC when: ... Pennsylvania $70. Rhode Island $50. South Carolina $10. South Dakota $10. Tennessee $20. Texas $40. Utah $0. Vermont $20 ...
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.
The Bethlehem Steel Corporation was an American steelmaking company ... From its founding in 1857 through its 2003 dissolution, ... Pennsylvania History ...
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