dissolution definition

dissolution. “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

dissolution or "administration" of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, administration, arrangement, adjustment, protection or relief of debtors.

dissolution means when the Company, after having executed a certificate of dissolution with the State of Delaware (or other applicable state), has completely wound up its affairs. Conversion of the Company into a Limited Liability Company (or any other pass-through entity) will not be considered a “Dissolution” for purposes of the Plan.

Examples of dissolution in a sentence

• Any excess of Partnership assets after liabilities or any insufficiency in Partnership assets in resolving liabilities under this section will be shared by the Partners according to the Dissolution Distribution described above.

• Use of the FDIC's Name and FDIC Legal Powers 72 ARTICLE XIII Miscellaneous 73 13.1. Common Terms 73 13.2. Waiver of Rights of Partition and Dissolution 74 13.3. Entire Agreement; Other Agreements 74 13.4. Third Party Beneficiaries 74 13.5. Expenses 75 13.6. Waivers and Amendments 75 13.7. Successors and Assigns 76 TABLE OF CONTENTS (Continued) Page 13.8. Power of Attorney 76 13.9. Governing Law 76 13.10.

• Upon Dissolution of the Partnership and liquidation of the Partnership’s property, and after payment of all selling costs and expenses, the liquidator will distribute the Partnership assets to the following groups according to the following order of priority: ● In satisfaction of liabilities to creditors except for Partnership obligations to current Partners; ● In satisfaction of Partnership debt obligations to current Partners; ● To the Partners according to the Dissolution Distribution described above.

More Definitions of dissolution

dissolution means when the Company, after having executed a certificate of dissolution with the State of Delaware, has completely wound up its affairs. Conversion of the Company into a Limited Liability Company will not be considered a “Dissolution” for purposes of the Plan.

dissolution. 56035. "Dissolution" means the disincorporation, extinguishment, or termination of the existence of a district and the cessation of all its corporate powers, except as the commission may otherwise provide pursuant to Section 56886 or for the purpose of winding up the affairs of the district.

dissolution or "ADMINISTRATION" of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, administration, arrangement, adjustment, protection or relief of debtors.

dissolution or “Termination” shall be deemed to have occurred upon the earlier of (i) the adoption of a plan of liquidation by a Partner or (ii) the effective date of dissolution in accordance with applicable statutory law and (iii) the date of dissolution or termination of a Partner in accordance the provisions of the governing instruments of such Partner or applicable statutory law.

dissolution means the complete disbanding of the Church so that it no longer functions as a congregation or as a corporate entity. Upon the dissolution of the Church, its property shall be applied and distributed as follows: (1) all liabilities and obligations of the Church shall be paid and discharged, or adequate provision shall be made therefore; (2) assets held by the Church upon condition requiring return, transfer, or conveyance, which condition occurs by reason of the dissolution, shall be returned, transferred, or conveyed in accordance with such requirements; (3) assets received and not held upon a condition requiring return, transfer, or conveyance by reason of the dissolution, shall be transferred or conveyed to one or more domestic or foreign corporations, societies, or organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), and are engaged in activities substantially similar to those of the Church; this distribution shall be done pursuant to a plan adopted by the Elders by passing vote as defined in §10.1.8 of these Bylaws; and (4) any assets not otherwise

dissolution insolvency", or "reorganization" of a companyor corporation shall be construed so as to include any equivalent or analogousproceedingsundertheLawofthejurisdictioninwhichsuchcompa nyorcorporationisincorporatedoranyjurisdictioninwhichsuchcompanyor corporation carries on business including the seeking of liquidation, winding- up,reorganization,dissolution,arrangement,protectionorreliefofdebtors;

dissolution means the process by which a solvent bank voluntarily ends its corporate existence by liquidating its assets and winding up its affairs.