megszünetés

Megszűnés is a Hungarian legal term that translates to termination, cessation, or extinction. It is a broad concept that can apply to various entities and situations within the legal framework.

In the context of legal persons, such as companies or associations, megszűnés refers to the formal end of their existence. This can occur through various means, including liquidation, dissolution, or merger. For a company, megszűnés means it no longer operates as a separate legal entity, and its assets and liabilities are typically distributed or transferred.

The term can also refer to the termination of legal relationships or rights. For instance, a contract can be terminated, leading to megszűnés of the contractual obligations between parties. Similarly, certain rights, like a leasehold right, can cease to exist through megszűnés under specific legal conditions.

The process of megszűnés is often governed by specific legal procedures that must be followed to ensure a lawful and orderly conclusion. These procedures can involve filing relevant documents with authorities, settling outstanding debts, and distributing remaining assets. The exact requirements and consequences of megszűnés depend heavily on the specific type of entity or legal relationship involved and the applicable Hungarian laws. Understanding the specific context is crucial to correctly interpret and apply the meaning of megszűnés.