Voluntary Dissolution Law and Legal Definition
Voluntary dissolution is an action taken by shareholders, incorporators or initial directors to dissolve a corporation. It is caused upon a vote of the stockholders, subject to statutory conditions respecting the percentage of the stock voted in favor of dissolution, or at the instance of the directors with the consent of a certain proportion of the stockholders. The process of voluntary dissolution is completed by filing Articles of Dissolution with the Secretary of State.
Legal Definition list
- Voluntary Dismissal
- Voluntary Disclosure of Offense
- Voluntary Disclosure Agreement[VDA]
- Voluntary Departure
- Voluntary Decisional Procedure
- Voluntary Dissolution
- Voluntary Evacuation
- Voluntary Exchange
- Voluntary Exclusion
- Voluntary Exclusion or Voluntarily Excluded [Education]
- Voluntary Exposure to Unnecessary Danger
