dissolution of corporation


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dissolution of corporation

n. termination of a corporation, either a) voluntarily by resolution, paying debts, distributing assets, and filing dissolution documents with the Secretary of State; or b) by state suspension for not paying corporate taxes or some other action of the government. (See: corporation)

References in periodicals archive ?
INVESTMENT FACILITATION - The Board of Investments (BOI) recently signed an agreement with Securities and Exchange Commission (SEC) to expedite the processing of applications for registration, amendment, and dissolution of corporations and partnerships related to setting up investment projects in the Philippines.