Articles of Dissolution

Articles of Dissolution

A document filed with the appropriate jurisdiction to end the existence of a corporation or other legal entity. Articles of dissolution dispose of the corporation's assets in accordance with local law. For example, they may order payment of all debts and surrender of other assets to shareholders or other interested parties.
References in periodicals archive ?
Dissolution still includes filing articles of dissolution and provides the LLC's right to revoke the articles of dissolution within 120 days.
If the LLC has no members, the articles of dissolution must appoint a person to wind up the LLC.
When an LLC is dissolved, it generally must file articles of dissolution with the secretary of state of the state of organization.
With the board's approval, the seven-year-old organization founded the day after the Thurston High School shootings will file its articles of dissolution sometime in the next couple of weeks.
This includes various shareholders' and directors' resolutions; a conveyance instrument, transferring all of the assets of the company to its shareholders; and Articles of Dissolution.