Adjournment sine die
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Adjournment sine die (from the Latin, "without day") occurs when an organized body's existence terminates. It is often used with regard to legislative bodies whose terms or mandates are coming to an end, as in "The One Hundred Third General Assembly of the State of Tennessee closed its second session today by adjourning sine die." This would mean that it is anticipated that this particular body will not meet again; the next session of the legislature would have a somewhat different membership, as some members would not be standing for election again, while others might not win their seats back. A corporate board might adjourn sine die if the corporation were being sold, merged, or liquidated.