Winding Up
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
The process of liquidating the assets of a partnership or corporation, for purposes of distribution. In England a number of statutes, known as the Winding-up Acts, have been passed to facilitate the settlement of partnership affairs; Lind. Part book iv. c.
3.
It is now regulated by Act of 1908 and is transacted in the department for companies winding-up.