法定清算 meaning in English

legal liquidation

Liquidation is a procedure that property of company is disposed and jural relation is terminated after dissolution of a company
对公司清算进行的分类有两种：一是分为普通清算与特别清算；另分为任意清算与法定清算。
The first chapter defines that liquidator is human or corporation appointed by certain procedure in the case of a company which is being wound up , to undertake the liquidation affairs
本文认为，清算人是在公司清算期间依特定程序产生的从事清算事务的自然人或法人。根据产生方式不同，清算人有法定清算人、章定清算人、议定清算人、选定清算人4种类型。