reorganization

reorganization
Act or process of organizing again or anew. People ex rel. Barrett v. Halsted Street State Bank, 295 IlLApp. 193, 14 N.E.2d 872, 876.
General term describing corporate amalgamations or readjustments occurring, for example, when one corporation acquires another in a merger or acquisition, a single corporation divides into two or more entities, or a corporation makes a substantial change in its capital structure. The exchange of stock and other securities in a corporate reorganization can be effected favorably for tax purposes if certain statutory requirements are followed strictly.
The classification of the Internal Revenue Code (No. 368(aXD) is widely used in general corporate literature.
A Class A reorganization is a statutory merger or consolidation (i.e., pursuant to the business corporation act of a specific state).
A Class B reorganization is a transaction by which one corporation exchanges its voting shares for the voting shares of another corporation.
A Class C reorganization is a transaction in which one corporation exchanges its voting shares for the property and assets of another corporation. A Class D reorganization is a "spin off of assets by one corporation to a new corporation;
a Class E reorganization is a recapitalization;
a Class F reorganization is a "mere change of identity, form, or place of organization, however effected."
A Class G reorganization is a "transfer by a corporation of all or part of its assets to another corporation in a title 11 [bankruptcy] or similar case".
Reorganization of a corporation under Bankruptcy Code Chapter 11 proceedings involves the preparation of a plan of reorganization by the bankruptcy trustee, the submission thereof to the court, and, after a hearing, the determination of the feasibility of such plan by the court, followed by the court's approval thereof if it finds such plan is feasible and proper.
@ tax free reorganization
@ tax-free reorganization
Under the Internal Revenue Code, a corporate reorganization wherein a corporation which is a party thereto exchanges property, pursuant to a plan of reorganization, solely for stock or securities of a second corporate party, without recognition of gain or loss. I.R.C. No. 361
@

Black's law dictionary. . 1990.

Look at other dictionaries:

  • reorganization — re·or·ga·ni·za·tion /ˌrē ˌȯr gə nə zā shən/ n 1: the act of reorganizing: the state of being reorganized 2 a: the rehabilitation of the finances of a business in accordance with a plan approved by a bankruptcy court under the provisions of… …   Law dictionary

  • Reorganization — Re*or gan*i*za tion ( gan ? z? sh?n), n. The act of reorganizing; a reorganized existence; as, reorganization of the troops. [1913 Webster] …   The Collaborative International Dictionary of English

  • reorganization — the resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan… …   Glossary of Bankruptcy

  • reorganization — 1813, from RE (Cf. re ) + ORGANIZATION (Cf. organization) …   Etymology dictionary

  • reorganization — [rē ôr΄gə ni zā′shən] n. 1. a reorganizing or being reorganized 2. Finance a thorough reconstruction of a business corporation, comprising a considerable change in capital structure, as effected after, or in anticipation of, a failure and… …   English World dictionary

  • Reorganization — Creating a plan to restructure a debtor s business and restore its financial health. The New York Times Financial Glossary * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation noun [countable, uncountable] …   Financial and business terms

  • reorganization — Creation of a plan to restructure a debtor s business and restore its financial health. Bloomberg Financial Dictionary See also: reorg; corporate action * * * reorganization re‧or‧gan‧i‧za‧tion [riːˌɔːgənaɪˈzeɪʆn ǁ ˌɔːrgənə ] also reorganisation …   Financial and business terms

  • reorganization — noun ADJECTIVE ▪ fundamental, major, massive, radical ▪ financial, structural ▪ corporate, internal …   Collocations dictionary

  • reorganization — UK [rɪˌɔː(r)ɡənɪˈzeɪʃ(ə)n] / US [rɪˌɔrɡənɪˈzeɪʃ(ə)n] noun [countable/uncountable] Word forms reorganization : singular reorganization plural reorganizations the process of organizing something again in a different way reorganization of: a costly… …   English dictionary

  • reorganization — noun 1. the imposition of a new organization; organizing differently (often involving extensive and drastic changes) a committee was appointed to oversee the reorganization of the curriculum top officials were forced out in the cabinet shakeup •… …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”