corporate dissolution
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 302 U.S. 120 - Chicago Title & Trust Co. v. Forty-One Thirty-Six Wilcox Bldg. Corp. · 1937Most cited · 385 citing opinions
a private corporation in this country can exist only under the express law of the state or sovereignty by which it was created. Its dissolution puts an end to its existence, the result of which may be likened to the death of a natural person. There must be some statutory authority for the prolongation of its life, even for litigation purposes.