Comparative law notes
Although this term can be translated into Hungarian, the concept in the Hungarian legal system differs somewhat from the concept in common law jurisdictions.
There are multiple definitions - click on the translation that matches your context.
- önkéntes felszámolási eljárás
- végelszámolás
voluntary liquidation means:
végelszámolás
főnév
partial
voluntary liquidation
noun
Definitions of voluntary liquidation
the ending of a company, of its own choice, by selling its assets and paying its debts with any surplus being distributed to the shareholders
Having established that it could pay its debts, the company went into voluntary liquidation.