split off

split-off, n.

1. The creation of a new corporation by an existing corporation that gives its shareholders stock in the new corporation in return for their stock in the original corporation.

2. The corporation created by this process. Cf. SPIN-OFF; SPLIT-UP. [Cases: Corporations 445. C.J.S. Corporations § 656.]

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词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。