disincorporation Synonyms
No Synonyms and anytonyms found
disincorporation Meaning
Webster
disincorporation (n.)
Deprivation of the rights and privileges of a corporation.
disincorporation Sentence Examples
- The town of Smithville voted in favor of disincorporation, effectively dissolving its municipal government.
- The process of disincorporation involves the legal termination of a municipality's existence.
- Disincorporation can occur for various reasons, such as financial difficulties, population decline, or a desire for residents to be governed by a larger entity.
- Once a municipality undergoes disincorporation, its assets and liabilities are typically transferred to the county or another nearby municipality.
- The decision to pursue disincorporation is often a difficult one for residents, as it can have significant implications for their community.
- In some cases, disincorporation can lead to improved services and infrastructure for residents, as they may now be able to access resources from a larger municipality.
- However, disincorporation can also result in the loss of local control and identity, as residents may no longer have a say in the decisions that affect their community.
- The process of disincorporation can be complex and time-consuming, often requiring the approval of state and local government agencies.
- Disincorporation can have a significant impact on the surrounding area, as it can lead to changes in property values, tax rates, and the availability of services.
- Ultimately, the decision to pursue disincorporation is a complex one that should be carefully considered by residents and local officials.
FAQs About the word disincorporation
Deprivation of the rights and privileges of a corporation.
No synonyms found.
No antonyms found.
The town of Smithville voted in favor of disincorporation, effectively dissolving its municipal government.
The process of disincorporation involves the legal termination of a municipality's existence.
Disincorporation can occur for various reasons, such as financial difficulties, population decline, or a desire for residents to be governed by a larger entity.
Once a municipality undergoes disincorporation, its assets and liabilities are typically transferred to the county or another nearby municipality.