dissolution


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Dissolution

Act or process of dissolving; termination; winding up. In this sense it is frequently used in the phrase dissolution of a partnership.

The dissolution of a contract is its Rescission by the parties themselves or by a court that nullifies its binding force and reinstates each party to his or her original position prior to the contract.

The dissolution of a corporation is the termination of its existence as a legal entity. This might occur pursuant to a statute, the surrender or expiration of its charter, legal proceedings, or Bankruptcy.

In domestic relations law, the term dissolution refers to the ending of a marriage through Divorce.

The dissolution of a partnership is the end of the relationship that exists among the partners as a result of any partner discontinuing his or her involvement in the partnership, as distinguished from the winding up of the outstanding obligations of the business.

dissolution

(Disintegration), noun adulteration, atrophy, breaking up, corrosion, corruption, crumbling, decay, decomposition, demolition, dilapidation, disassembly, disbanding, dismantlement, disorganization, dispersal, disruption, dissipation, erosion, rotting, separation, spoilage, spoliation, undoing

dissolution

(Termination), noun abolishment, abrogation, annihilation, annulment, breaking up, cancelling, cessation, close, closing, completion, conclusion, death, defeasance, demise, destruction, dismissal, dissolutio, disuse, effacement, end, ending, eradication, erasure, expiration, extinction, extinguishment, extirpation, finis, finish, invalidation, liquidation, nullification, obliteration, prorogation, repeal, rescission, revocation, ruin, ruination, suppression, voidance
Associated concepts: corporate dissolution, de facto dissoluuion, de jure dissolution, dissolution of marriage, dissoluuion of partnership, dissolution proceeding
Foreign phrases: Nihil tam naturale est, quam eo genere quidque dissolvere, quo colligatum est.Nothing is so nattral as to dissolve anything in the way in which it was made binding. Nihil tam conveniens est naturali aequitati quam unumquodque dissolvi eo ligamine quo ligatum est. Nothing is so agreeable to natural equity as that a thing should be dissolved by the same means by which it was bound. Nihil est magis rationi consentaneum quam eodem modo quodque dissolvere quo conflatum est. Nothing is more consonant to reason than that a thing should be dissolved in the same way in which it was created.
See also: abatement, abolition, ademption, annulment, cancellation, cessation, death, debacle, decentralization, decline, defeasance, denouement, destruction, disassociation, discharge, end, erosion, expense, expiration, extremity, interruption, rescision, sacrifice, separation, spoilage, termination, wear and tear

dissolution

the termination of a formal or legal relationship, such as partnership or marriage.

DISSOLUTION, contracts. The dissolution of a contract, is the annulling its effects between the contracting parties.
     2. This dissolution of a partnership, is the putting an end to the partnership. Its dissolution does not affect contracts made between the. partners and others; so that they are entitled to all their rights, and they are liable on their obligations, as if the partnership had not been dissolved. Vide article Partnership and 3 Kent, Com. 27 Dane's Ab. h.t.; Gow on Partn. Index, h.t.; Wats. on Partn. h.t.; Bouv. Inst. Index, h.t.

DISSOLUTION, practice. The act of rendering a legal proceeding null, or changing its character; as, a foreign attachment in Pennsylvania is: dissolved by entering bail to the action. Injunctions are dissolved by the court.

References in classic literature ?
Then, in the name and by the authority of the good people of the colonies, they pronounced the dissolution of their allegiance to the king, and their eternal separation from the nation of Great Britain--and declared the United Colonies independent States.
Had I not seen the repose in the first place, and the gladness that stole over it just ere the final dissolution came, as realization that the soul had been won, I could not have gone further with my butchery.
While all the proceedings relative to the dissolution of the marriage-contract were being carried on at the house of M.
And if another should allege the pledge which the king had given to the Pope that he would assist him in the enterprise, in exchange for the dissolution of his marriage[*] and for the cap to Rouen,[+] to that I reply what I shall write later on concerning the faith of princes, and how it ought to be kept.
We have broken the spring of our powers; life must be all suffering--too feeble to conceive faith--death must be darkness--God, spirits, religion can have no place in our collapsed minds, where linger only hideous and polluting recollections of vice; and time brings us on to the brink of the grave, and dissolution flings us in--a rag eaten through and through with disease, wrung together with pain, stamped into the churchyard sod by the inexorable heel of despair.
Of molten stars their pavement, such as fall Thro' the ebon air, besilvering the pall Of their own dissolution, while they die - Adorning then the dwellings of the sky.
There were sharp pains, and sudden dizziness, and then profuse bleeding at the pores, with dissolution.
With pain that was like the bitterness of dissolution she murmured the words of her indispensable and sworn answer as an honourable woman.
The dissolution too of a kingdom and a tyranny are generally the same; for monarchs abound in wealth and honour, which all are desirous to obtain.
when the time of its dissolution draws near, that it must die, it
In the Rostovs' staid old-fashioned house the dissolution of former conditions of life was but little noticeable.
It would have been highly inconvenient to him to part with Ladislaw at that time, when a dissolution might happen any day, and electors were to be convinced of the course by which the interests of the country would be best served.