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: termination or destruction by breaking down, disrupting, or dispersing. the dissolution of the republic. their marriages dissolution. d. : the dissolving of an assembly or organization.
If you agree on everything, dissolution is the way to go. If you dont agree, then it has to be divorce.
The dissolution clause is a statement that explains what said organization will do with its assets in the event that the organization dissolves. This clause is particularly important given that the assets of a nonprofit are not owned by any person or group.
IANAL; Divorce refers to enlisting the courts help to end your marriage. A dissolution of marriage, on the other hand, is an agreement between you and your spouse on how to resolve questions such as child custody and property division, without a judge intervening.
A declaration of dissolution is filed if the corporation is not subject to liquidation. File a notice of liquidation and closure of liquidation assuming the corporation is to be liquidated.
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The certificate of dissolution confirms that the corporation has fulfilled all its legal obligations and is no longer in existence.
A common reason for dissolution is the completion of business purposesuch as the sale of real property or receipt of all anticipated tax benefits. Another is the death of one or more key members.

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