involuntary dissolution
- Termination of a corporation's existence by a court following a shareholder's request, conducted on the basis of legally fixed reasons
- Involuntary dissolution occurs when a court ends a corporation's operations due to a shareholder's plea which is based on legally accepted factors.
- The shareholder petitioned for an involuntary dissolution citing clear violation of statutory constraints by the corporation.
- After the judge ruled in favor of the involuntary dissolution, the company was legally obligated to cease all its activities and operations.
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