distribution in liquidation

distribution in liquidation
Distribution of assets upon dissolution of corporation. Liquidating dividend is amount distributed in complete or partial liquidation of corporation and such amount is treated as in full payment for the stock of the corporation. I.R.C. No. 331(a)

Black's law dictionary. . 1990.

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  • distribution in liquidation — Distribution of assets upon dissolution of corporation. Liquidating dividend is amount distributed in complete or partial liquidation of corporation and such amount is treated as in full payment for the stock of the corporation. I.R.C. No. 331(a) …   Black's law dictionary

  • liquidation — The act or process of settling or making clear, fixed, and determinate that which before was uncertain or unascertained. Payment, satisfaction, or collection; realization on assets and discharge of liabilities. To clear away (to lessen) a debt.… …   Black's law dictionary

  • liquidation — The act or process of settling or making clear, fixed, and determinate that which before was uncertain or unascertained. Payment, satisfaction, or collection; realization on assets and discharge of liabilities. To clear away (to lessen) a debt.… …   Black's law dictionary

  • liquidation — index aberemurder, assassination, cancellation, composition (agreement in bankruptcy), discharge (payment), dispatch (act of putting to death) …   Law dictionary

  • distribution — dis·tri·bu·tion /ˌdis trə byü shən/ n 1: the act or process of distributing: as a: the apportionment by a court of the property and esp. personal property of an intestate among those entitled to it according to statute compare descent, devise …   Law dictionary

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

  • liquidation proceedings — ( interim payment) Euroclear Clearing and Settlement glossary liquidation / liquidating dividend Euroclear Clearing and Settlement glossary Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to… …   Financial and business terms

  • liquidation — (interim payment) liquidating dividend / liquidation proceedings Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security. Security holders may be able to choose… …   Euroclear glossary

  • liquidation proceedings — (interim payment) liquidation / liquidating dividend Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security. Security holders may be able to choose the form of… …   Euroclear glossary

  • liquidation — winding up The distribution of a company s assets among its creditors and members prior to its dissolution. This brings the life of the company to an end. The liquidation may be voluntary (see creditors voluntary liquidation, members voluntary… …   Accounting dictionary

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