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Line 1: {{Use dmy dates\|date=January 2023}} {{Short description\|Type of legal events which terminate a legal entity or agreement}}{{More citations needed\|date=November 2022}} ~~{{Multiple issues\|~~ {{Infobox examination ~~{{Refimprove\|date=April 2017}}~~ \|name=Dissolution practices ~~{{Unfocused\|date=August 2020}}~~ \|type=[[Commercial law]] \|duration=1 to 8 month(s){{citation needed\|date=February 2024}} }} ~~{{Insolvency}}~~ In [[law]], '''dissolution''' is any of several legal events that terminate a [[legal entity]] or agreement such as a [[marriage]], [[adoption]], [[corporation]], or union. Line 10 ⟶ 11: Dissolution is the last stage of [[liquidation]], the process by which a [[company]] (or part of a company) is brought to an end, and the [[asset]]s and [[property]] of the company are gone forever. Dissolution of a [[General partnership\|partnership]] is the first of two stages in the termination of a partnership.<ref name="Kubasek"/> "Winding up" is the second stage.<ref name="Kubasek">{{cite book\|last1=Kubasek\|first1=Nancy\|last2=Browne\|first2=M. Neil\|last3=Heron\|first3=Daniel\|last4=Dhooge\|first4=Lucien\|last5=Barkacs\|first5=Linda\|title=Dynamic Business Law: The Essentials\|date=2016\|publisher=McGraw-Hill\|isbn=9781259415654\|edition=3d\|url=http://highered.mheducation.com/sites/0073524972/information_center_view0/table_of_contents.html\|page=443}}</ref><ref>Slides ~~11-17~~11–17 of [http://highered.mheducation.com/sites/0073524972/student_view0/chapter21/powerpoint_presentations.html Powerpoint] {{Webarchive\|url=https://web.archive.org/web/20160505025936/http://highered.mheducation.com/sites/0073524972/student_view0/chapter21/powerpoint_presentations.html \|date=5 May 2016~~-05-05~~ }} for Chapter 21 from McGraw-Hill from 2nd Ed. of Kusabek</ref> Dissolution may also refer to the termination of a [[contract]] or other legal relationship; for example, a [[divorce]] is the dissolution of a [[marriage]] only if the husband or wife does not agree. If the husband and wife agree then it is a dissolution.{{dubious\|date=November 2022}} Dissolution is also the term for the legal process by which an [[adoption]] is reversed. While this applies to the vast majority of adoptions which are terminated, they are more commonly referred to as [[disruption (adoption)\|disruption]]s, even though that term technically applies only to those that are not legally complete at the time of termination. In [[international law]], dissolution (~~[[Latin]]: ''~~{{langx\|la\|dismembratio''}}) is when a state has broken up into several entities, and no longer has power over those entities, as it used to have previously; this type of dissolution is identical to [[Dissolution (politics)\|dissolution in the political sense]]. An example of this is the case of the former [[Soviet Union\|USSR]] dissolving [[Dissolution of the Soviet Union\|~~dissolving]]~~ into ~~[[Post-Soviet republics\|~~different republics]]. ==See also== * [[Dissolution (politics)]] ==References== {{Reflist}} ~~{{DEFAULTSORT:Dissolution (Law)}}~~ [[Category:Legal terminology]] [[Category:Corporate liquidations]]