Dissolution by decisionIn most cases, a formal decision is required to dissolve a legal entity. Who is allowed to make that decision depends on the type of legal entity.
- Public or private limited company (nv or bv): the general shareholders' meeting takes the decision.
- Association (vereniging), cooperative (coöperatie) or mutual insurance company (onderlinge waarborgmaatschappij): the members' meeting takes the decision.
- Foundation (stichting): the board takes the decision.
The dissolution of a legal entity takes effect the moment you make this decision, or at a future time. It cannot take effect before you officially make this decision.