Split-Up
(redirected from Split Ups)Also found in: Dictionary, Financial.
Related to Split Ups: Split Offs
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.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.