If a company is "Liquidated," how can that make a stock worth go to "0" or be worthless?

by Bill Misner
(Spokane, WA, USA)

I inherited old stocks my father bought in 1944. They are from Mooresville Indiana "Morgan County Farm Bureau" Coop Stocks. This is now called the "Co-Alliance LLP" Danville, Indiana.

If a company is "Liquidated," how can that make a stock worth go to "0" or be worthless?