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

双语律师Matthew，国际知名法学院法律专业，擅长翻译各类与商业秘密起诉与调查相关的法律文件。