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The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders.

When a spin-off occurs, the shareholders of the parent corporation are not required to surrender any of their parent corporation stock in exchange for the subsidiary's stock.

In the event that the distribution of stock to the parent corporation's shareholders amounts to a dividend, the distribution can be taxed pursuant to provisions of Income Tax statutes.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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Under the quarantine, the transplantation or movement of date trees or their offshoots is prohibited.
The interior ministry has opposed registration of the MML as a political party terming it an offshoot of banned outfits.
The MML is yet to be registered with the Election Commission of Pakistan (ECP).The Interior Ministry has opposed registration of the MML as a political party terming it an offshoot of banned outfits.
It could also be squirrels cutting offshoots for moisture.
"The group's internal crisis varies from one country to another, but in all cases, the publicity it is getting is unprecedented and threatens to undermine the popularity of the group and its offshoots," he wrote in AL HAYAT.
Neo-Salafis militancy is being spear-headed by al-Qaeda, an offshoot of the banned Egyptian Muslim Brotherhood (EMB) which has branches in various parts of the Muslim world including Europe, and Hizb ut-Tahrir (HuT) which has branches in the other parts of this world including Europe and the GME.
It's more than just a virus, however: it can evolve, and it races across the internet starting a plague across network which creates virus offshoots and a digital war during which Goddess Minerva is born?
As a science-based economic development organization, the SEA initiative hopes to commercialize homegrown research and build up the city's scientific capacity, while providing educational opportunities and developing business offshoots.
In modern dance and its offshoots, possibly Europe at the moment is more creative, more with the pulse of things.
In this history, Louise Bourgeois, Lee Bontecou, Yayoi Kusama, Eva Hesse, and Lynda Benglis are no longer quirky offshoots but the mainstays of a new Duchampian tradition, one that ends not with Hans Haacke and Andrea Fraser--that is, not with the interrogation of institutions that many believe to be the ultimate articulation of Duchamp's radicalism--but with the less overtly political investigations of materials, memory, and forms developed by Gabriel Orozco and Robert Gober in their ludic, dreamy, sculptural versions of Conceptual and installation art.
Or their (yet unnamed) offshoots peddling men's soiled skivvies.