Split-Up


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Split-Up

An arrangement whereby a parent corporation transfers all of its assets to two or more corporations and then winds up its affairs.

When a split-up occurs, the shareholders of the parent corporation surrender the total amount of their stock in exchange for stock in the transferee corporation.

References in periodicals archive ?
With the increasing incidence of spin-offs, split-ups, dropdowns and other reorganizations, corporations frequently face the issue of which entity is entitled to a deduction for equity-based or deferred compensation granted before the transaction but paid or vested after the transaction.
We are maintaining our company's pattern of stock dividends and split-ups to share these successes with shareholders.
We are maintaining a pattern of stock dividends and split-ups in order to share United Security's successes with our shareholders," said Richard C.
This is United Security's fourth 10% stock dividend or split-up since its Initial Public Offering in May 1995," Dashiell noted.
The current law in New Hampshire, one of the few states that hasn't updated its statutes in almost two decades, are both complicated and vague on everything from ethics to split-ups, say proponents of the measure.
There are so many split-ups, which are bitter and the kids are used like a weapon to wind up the other partner.
WORLD'S COSTLIEST SPLIT-UPS IF LISA Trainer gets the payout she is seeking it will be one of the biggest divorce settlements in Scottish legal history.