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.]

---

词条贡献者

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。