liquidating distribution

A distribution of trade or business assets by a dissolving corporation or partnership.

— Also termed distribution in liquidation. [Cases: Corporations 629. C.J.S. Corporations §§ 875–878.]

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词条贡献者

译者崇载，国际名校知识产权法专业，擅长翻译有关人工智能、机器学习和机器人技术领域的法律文件。