lekúdtatási

lekúdtatási is a Hungarian term that translates to "dissolution" or "liquidation" in English. It refers to the process of bringing a legal entity, such as a company or an association, to an end. This process involves settling its affairs, paying off debts, and distributing any remaining assets to its members or shareholders.

The dissolution of a legal entity can be initiated in several ways. It can be voluntary, meaning the members or shareholders decide to dissolve the entity themselves, often due to business reasons or the end of a project. Alternatively, it can be compulsory, initiated by a court or a relevant authority. Compulsory dissolution might occur if the entity is unable to meet its financial obligations, violates laws, or fails to operate for an extended period.

The lekúdtatási process typically involves appointing a liquidator who is responsible for managing the dissolution. The liquidator's duties include notifying creditors, selling assets, collecting outstanding debts, and preparing a final financial report. Once all affairs are settled and distributed, the legal entity is officially removed from the relevant registry, ceasing to exist as a separate legal person. This formal termination is a crucial step to ensure legal clarity and prevent future liabilities.