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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译者Joanne,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与房地产业相关的法律文件。
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