Liquidation

Learn about the definition for this legal term.

What is Liquidation?

the process of collecting selling the corporation's assets, paying all obligations and then distributing the remainder to the shareholders.

Further Reading

For more detailed information, see our related Business Organizations terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now