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

译者Stephen，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与国际环境保护法规相关的法律文件。