The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.
See: dissolution of corporation.
wex definitions
winding up a corporation
The process of dissolving a corporation or settling the affairs of a dissolved corporation. Winding up a corporation generally takes place when a corporation decides to end a business or declares bankruptcy. Winding up involves the settling...
WIPO Copyright and Performances and Phonograms Treaties Implementation Act
Title I of the Digital Millennium Copyright Act, the “WIPO Copyright and Performances and Phonograms Treaties Implementation Act of 1998” added Chapter 12, Copyright Protection and Management Systems, to the Copyright Act.
At the time of the DMCA...
wire fraud
Wire fraud occurs when interstate wirings are used in furtherance of a criminal act. In order for a defendant to be convicted under 18 U.S.C. 1343 for committing wire fraud, the follow elements must be satisfied: (1) the defendant must have been...
wiretap
One of several possible means to acquire the contents of a communication by means of an electronic device.
wiretapping
Wiretapping is the act of recording communications between parties, often without their consent. While wiretaps can be a powerful tool for authorities conducting criminal investigations, they are also legally at odds with the right to privacy...
with prejudice
When a court dismisses an action, they can either do so “with prejudice” or “without prejudice.” Dismissal with prejudice means that the plaintiff cannot refile the same claim again in that court.
The reason that dismissal...
withdrawal
1. Removing cash or any other asset from the place where it is held.
2. In the context of a criminal conspiracy, leaving the conspiracy before the target crime has been committed. State laws differ on the culpability of co-conspirators who...withdrawal of a corporation
Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily. Ending a corporation becomes more complex with more owners...
withholding
Withholding in a legal context means the action of deducting an amount or percentage established by the law from a person’s income, like from wages or dividends. Commonly, the withholding is made and subsequently paid to the government by the...