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dissolution definition - legal

n

The termination, cessation, or winding up of a legal entity such as a corporation or partnership; the consensual or judicially ordered undoing of a contract by placing the parties back into the positions they held before entering into it; the termination of a marriage.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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