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.
In order to terminate a business, a Corporation or LLC must file Articles of Dissolution.
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.
It is dissolved when it has been granted Articles of Dissolution (or some other document having the same effect) by the governmental ministry having the authority to do so.
As previously disclosed, on June 12, 2009 the Company filed Articles of Dissolution with the Secretary of State of the State of Washington in accordance with the Company's Plan of Dissolution.
Under his leadership, MedCath completed its Strategic Options Review that began in 2010, which included selling the assets or MedCath's ownership interest in 10 hospitals, selling its MedCath Partners division, paying off $75 million in long-term debt and making two distributions to stockholders prior to the filing of MedCath's Articles of Dissolution on September 21, 2012.
PK) today announced that it has filed Articles of Dissolution with the Secretary of the Commonwealth of Massachusetts, which filing was effective today.
If the Company's stockholders approve the Plan of Dissolution, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to contingent liabilities and claims, lease obligations, severance for terminated employees and costs associated with the liquidation and dissolution, and attempt to convert all of its remaining assets into cash or cash equivalents.
We will file articles of dissolution and commence the formal dissolution immediately.
The Company will have no assets or operations after payment of this final dividend, and articles of dissolution of the Company will be filed promptly after payment of this final dividend.
Immediately following the payment of all known liabilities and the final liquidating distribution, the Company will take appropriate action to dissolve under Maryland law, including, but not limited to, the filing of Articles of Dissolution with the State Department of Assessments and Taxation of Maryland.