It is necessary for a corporation to dissolve before a liquidation can be completed.

Name: It is necessary for a corporation to dissolve before a liquidation can be completed.
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Liquidation can occur without the dissolution of a corporation. Liquidation refers to the process of selling off a company's assets to pay creditors, which can happen while the corporation still exists legally. Dissolution is the legal ending of a corporation's existence, which may occur after liquidation or independently.

It Is Necessary for a Corporation to Dissolve Before a Liquidation