Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    Disincorporate; breaking up a partnership.

  • Black's Law Dictionary: 2nd Edition

    In contracts. The dissolution of a contract is the cancellation or abrogation of it by the parties themselves, with the effect of annulling the binding force of the agreement, and restoring each party tc his original rights. In this sense it is frequently used in the phrase "dissolution of a partnership." Williston v. Camp, 9 Mont. 88, 22 Pac. 501. Of corporations. The dissolution of a corporation is the termination of its existence as a body politic. This may take place in several ways; as by act of the legislature, where that is constitutional; by surrender or forfeiture of its charter; by expiration of its charter by lapse of time; by proceedings for winding it up under the law; by loss of all its members or their reduction below the statutory limit. Matthews v. Bank, 60 S. C. 183, 38 S. E. 437; Lyons-Thomas Hardware Co. v. Perry Stove Mfg. Co., 86 Tex. 143, 24 S. W. 16, 22 In R. A. 802; Theis v. Gaslight Ch, 34 Wash. 23, 74 Pan. 1004. In practice. The act of rendering a legal proceeding null, abrogating or revoking it; unloosing its constraining force; as when an injunction is dissolved by the court Jones v. Hill, 6 N. a 13L