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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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thesis were not included in this study, and these elements offer relevant scientific material in the context of university spinoffs.
It is important to study the independence of spinoffs in Canada for a number of reasons.
However, they generally would not apply to spinoffs for which one or more of the following events occur prior to publication of final regulations: (1) A binding agreement is in place; (2) a private letter ruling request was submitted to the IRS on or before July IS, 2016; or (3) an SEC filing or public announcement describing the spinoff has been made (Prop.
The spinoff, which will go by the name Communications Sales & Leasing Inc., has chosen a 6,800-SF space in the Benton Building at 10802 Executive Center Drive as its future home.
(2005): "Entrepreneurial Orientation, Technology Transfer and Spinoff Performance of U.S.
Entry by spinoffs. Management Science, 51, 1291-1306.
Together, NASA and its partners have commercialized more than 350 documented spinoffs relating to industrial productivity and manufacturing, from advanced construction tools to industry-launching innovations in new materials.
Jain, 1999, "Firm Performance and Focus: Long-Run Stock Market Performance Following Spinoffs," Journal of Financial Economics 54, 75-101.
The key to these post-show spinoffs, Lloyd says, is the ability to find new elements of a character you haven't seen already, by doing things like putting a character into a new environment, moving them back to their hometown or getting them married.
"The biggest spinoff is the economic multiplier of bringing in more students into the community," he says.
Bault, however, said he doesn't buy the risk-avoidance theory for the spinoffs. He said the industry has "done quite a bit in a short period of time" to address its exposure to terrorism since Sept.