Winding Up
Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879
Dictionary of Terms and Phrases Used in American or English Jurisprudence
The usual English phrase for the final liquidation or settlement of the accounts and af Eairs of a partnership or company, with a view to a dissolution. Usually, partnerships and companies are woand up only when they are in insolvent circumstances; and such winding up is most commonly made under the supervision of the court of chancery, which court acts in the matter of the winding up of companies under the provisions of certain statutes.
Winding up acts
General acts of parliament, regulating settlement of corporate afiairs on dissolution.