FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RDrxE6R22Oc5nTiVjdjnuBr
Label Dissolution
Preferred Label Winding Down
Identifier N/A
Alternative Labels

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Definition

Dissolution is the process of legally dissolving a business entity, such as a company or nonprofit, involving the winding down of operations, settling of debts, and distribution of remaining assets. It marks the formal termination of the entity's legal existence and cessation of business activities.

Class Relationships

Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available