continuity of business enterprise

continuity of business enterprise. A doctrine covering acquisitive reorganizations whereby the acquiring cor-poration must continue the target corporation’s historical business or must use a significant portion of the target’s business assets in a new business to qualify the exchange as a tax-deferred transaction. [Cases: Corporations 445.

1. C.J.S. Corporations § 657.]

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词条贡献者

法律翻译Roger，在一家顶尖欧洲律师事务所的北京办公室担任全职法律翻译，专注翻译各类与北欧业务有关的法律文件。