Duhaime's Law Dictionary


Defunct Company Definition:

A corporation which has been cancelled by the jurisdiction which initially created it.
In most jurisdictions, corporations (aka companies), are created by a certificate issued in the name of the government and the corporation is put on an official list of active companies.

For number reasons sometimes related to failure to file an annual report, sometimes related to punitive action, the certification of a corporation can be canceled by the government which initially issued it.

In law, one will speak of a corporation as being "struck from the Register". These companies are said to be defunct.

Most jurisdictions have complicated procedures available to revive a defunct corporation.

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