split-off

split-off
The process whereby a parent corporation organizes a subsidiary corporation to which it transfers part of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the shareholders of the parent corporation in exchange for a portion of their parent stock.

Dictionary from West's Encyclopedia of American Law. 2005.


split-off
The process whereby a parent corporation organizes a subsidiary corporation to which it transfers part of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the shareholders of the parent corporation in exchange for a portion of their parent stock.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • split–off — / split ˌȯf, ˌäf/ n: a transfer of corporate assets to a subsidiary involving the surrender of a part of the stock owned by the corporation s shareholders in exchange for controlling stock of the subsidiary: a D reorganization involving a… …   Law dictionary

  • split-off — /split awf , of /, n. 1. the act of separating or splitting away from something else. 2. something that has split or has been split from something else. 3. Com. a process of reorganizing a corporate structure whereby the capital stock of a… …   Universalium

  • split off — index break (separate) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • split-off — ˈ ̷ ̷ˌ ̷ ̷ noun ( s) Etymology: split off : an act of splitting off or something that is split off from something else a succession of left wing split offs specifically : a transfer of a distinctive business constituting one of two or more… …   Useful english dictionary

  • split off — transitive verb : to separate or remove by or as if by splitting split some kindling off from a log where only part of the assets of the corporation are split off into a new corporation U.S. Code split the carbon dioxide off …   Useful english dictionary

  • split off — PHRASAL VERB If people split off from a group, they stop being part of the group and become separated from it. [V P from n] Somehow, Quentin split off from his comrades. [V P n] ...the Youth Wing which split off the National Liberal party earlier …   English dictionary

  • split-off — When a corporation sets up and funds a new corporation and gives the shares of this new corporation to the old corporation s stockholders in exchange for some of their shares in the old company, this new company is a split off and the process is… …   Black's law dictionary

  • Split-Off — A type of corporate reorganization whereby the stock of a subsidiary is exchanged for shares in a parent company. This is a somewhat rare situation. For example, Viacom announced a split off of its interest in Blockbuster in 2004 whereby Viacom… …   Investment dictionary

  • split-off — Same as spin off …   Ballentine's law dictionary

  • split off — verb To break apart, on ones own rather than as part of the group …   Wiktionary

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