dissolution procedure
[dɪˌzɒluːʃən prəˈsiːdʒər]
nounpl: dissolution procedures
procedimento de dissolução
1. A formal legal process by which a business, partnership, marriage, or other legal entity is formally ended or terminated
The company initiated a dissolution procedure after declaring bankruptcy.
A empresa iniciou um procedimento de dissolução após declarar falência.
2. In law, the specific steps and requirements that must be followed to legally disband an organization
The dissolution procedure requires approval from all shareholders before the company can be officially closed.
O procedimento de dissolução requer aprovação de todos os acionistas antes que a empresa possa ser oficialmente fechada.
Related Idioms & Phrases
to go through a dissolution procedure
to initiate dissolution proceedings
dissolution of partnership
legal dissolution process
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