Any association may cease to do business and be dissolved in the same manner as corporations are dissolved under the general corporation laws of the State.

41 Del. Laws, c. 132, § ?19; 3 Del. C. 1953, § ?8513;

Terms Used In Delaware Code Title 3 Sec. 8513

  • Association: means a corporation formed under this chapter. See Delaware Code Title 3 Sec. 8501
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302