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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 ]
New York Supreme Court, Commercial Division, at 60 Centre Street New York courts are frequently called upon to resolve disputes over whether a limited liability corporation (LLC) should be dissolved.
In 1994 the company converted to Real Estate Investment Trust (REIT) status and changed its name to "The Mills Corporation". [1] [2] In 1996, with new CEO Lawrence Siegel, The Mills built Ontario Mills near Los Angeles, which was the company's first mall built abstractly and with a full oval racetrack design which followed into the rest of the ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Differences between partnership and corporation. There are several differences between partnerships and corporations. Key differences include: Corporations establish a separate legal entity ...
New York Tattoo Museum; Onassis Cultural Center; Ripley's Believe It or Not!, Manhattan, closed in 2021. Rock and Roll Hall of Fame Annex, opened in Soho in 2008, closed in 2010; Sony Wonder Technology Lab, closed in 2016; Sports Museum of America, Manhattan, opened in 2008, closed in 2009; 9/11 Tribute Museum, Manhattan, opened in 2006. Closed ...
Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...
New York City Industrial Development Agency (NYCIDA) is a public benefit corporation under New York State law that provides companies with access to tax-exempt bond financing or tax benefits to strengthen and diversify the City’s tax and employment base, helps businesses locate and expand their operations within New York City, and encourages ...