Dissolution of Subsidiary Agreement Template

This dissolution of subsidiary agreement template has 2 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our dissolution of subsidiary agreement template:

DISSOLUTION OF SUBSIDIARY AGREEMENT This Dissolution of Subsidiary Agreement (the "Agreement") is effective [DATE] BETWEEN: [SUBSIDIARY COMPANY NAME] (the "Subsidiary"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Parent"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] WHEREAS the Subsidiary wishes to dissolve pursuant to [ARTICLE/CLAUSE] of the [COUNTRY Corporations Act/LAW]; WHEREAS the Parent owns all the outstanding shares in the capital stock of the Subsidiary and upon a distribution of the assets of the Subsidiary would be entitled to all such assets; WHEREAS the Parent has agreed to assume and discharge all liabilities, if any, and obligations of the Subsidiary, and has also agreed to assume all expenses [OPTIONAL] in connection with the proposed dissolution of the Subsidiary; NOW, THEREFORE, THIS AGREEMENT WITNESSETH, THAT FOR AND IN CONSIDERATION OF THE MUTUAL COVENANTS AND AGREEMENTS HEREIN CONTAINED, IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS: The Subsidiary conveys and assigns unto the Parent all its property and assets of every nature and kind whatsoever, including, without limiting the generality of the foregoing: [NUMBER] shares in the common stock of [COMPANY NAME] registered in the name of the Subsidiary;