partial liquidation

A liquidation that does not completely dispose of a company’s assets; esp., a liquidation occurring when some corporate assets are distributed to shareholders (usu. on a pro rata basis) and the corporation continues to operate in a restricted form. [Cases: Internal Revenue 3820. C.J.S. Internal Revenue §§ 398–399, 402.]

---

词条贡献者

双语律师Stephanie，毕业于法国一流的高级翻译学院，擅长翻译各类与上诉案件相关的法律文件。