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Winding Up Meaning. To effectuate the winding up of. Winding up a company is a legal process governed by the business and corporate laws of each state and the companys governing documents articles of association operating agreement articles of incorporation bylaws or operating agreement.
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Winding-up definition is - the process of liquidating the assets of a partnership or corporation in order to pay creditors and make distributions to partners or shareholders upon dissolution. Not to be confused with. Wind up - finally be or do something.
Definition of wind up Entry 3 of 3 transitive verb.
To find yourself in an unexpected and usually unpleasant situation especially as a result of. It is the permanent closing down of its business. It therefore cannot die a nature death. Not to be confused with.
