Split Off
Legal definition for Indian law research
Definition
split-off
: a transfer of corporate assets to a subsidiary involving the surrender of a part of the stock owned by the corporation's shareholders in exchange for controlling stock of the subsidiary
: a D reorganization involving a distribution of part but not all of a corporation's stock for a subsidiary's stock
;also
: a new company created by such a distribution compare spin-off, split-up
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.