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

译者筠怡，毕业于法国顶尖的高级翻译学院，擅长翻译各种与产品责任与集体侵权诉讼相关的法律文件。