Dissolution
Definition
A fundamental change of the relations among partners in a partnership, ending a governance-type relation among the partners in the partnership. As part of dissolution, liquidation of the partnership's assets occurs.
See also
Definition from Nolo’s Plain-English Law Dictionary
The process of dissolving (ending) a marriage or a business. (See also: divorce, dissolution of corporation)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:14 pm
