Split Up - Law Dictionary Search Results
Home Dictionary Name: split upsplit-up
split-up : a transfer by a corporation of all its assets in complete liquidation to two or more subsidiaries that involves the surrender of all stock by the shareholders in exchange for new stock in the transferee corporations : a D reorganization involving a distribution of the stock of two or more subsidiaries to the shareholders who in return surrender all their stock in the distributing corporation compare spin-off, split-off ...
split-off
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 ...
Similarly apportioned
Similarly apportioned, the words 'similarly apportioned' which occur in the explanation mean apportioned 'with reference to the amounts of profits and gains attributable to the two parts of the company's business'. Thus, the explanation first refers to an apportionment or splitting up and then provides that the dividends and taxes shall be similarly apportioned, that is to say, similarly split up. Accordingly, the words 'similarly apportioned' convey a definite meaning and are not ambiguous. 'Similarly apportioned' means simply 'similarly split up', CIT v. T.V. Sundaram Iyenger and Sons (P) Ltd., AIR 1976 SC 255 (260): (1976) 1 SCC 77: (1975) Supp SCR 93. (Income Tax Act, 1922 s. 23A, Expl. 2)...
Substitution
Substitution, indicate that the process cannot be split up into two pieces like this. If the process described as substitution fails, it is totally in-effective so as to leave intact what was sought to be displaced, State of Maharashtra v. C.P. Manganese Ore Co., AIR 1977 SC 879: (1977) 1 SCC 643.Substitution. In the Civil Law a conditional appointment of a h'res. See Cum. C.L. 143; Sand Just.In Scots law the enumeration or designation of the heirs in a settlement of property. Substitutes in an entail are those heirs who are appointed in succession on failure of others.The word substitution necessarily or always connotes two severable steps, that is to say, one of repeal and another of fresh enactment. Indeed, the natural meaning of the word 'substitution' is to indicate that the process cannot be split up into two pieces like this. If the process described as substitution fails, it is totally ineffective so as to leave intact what was sought to be displaced. That seems to be the ordin...
reorganization
reorganization 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 chapter 11 of the Bankruptcy Code b : any of various procedures (as recapitalization or merger) that affect the tax structure of a corporation under the Internal Revenue Code and often produce favorable tax treatment A reorganization [ā-] : a reorganization that consists of a merger or consolidation which complies with the requirements of applicable state statute B reorganization [bē-] : a reorganization involving the acquisition by one corporation of the stock of another corporation in exchange solely for all or some of the voting stock of the acquiring corporation or its parent either of which has control of the acquired corporation immediately after the acquisition C reorganization [sē-] : a reorganization involving the acquisition by one corporation...
spin-off
spin-off : a transfer of corporate assets to a subsidiary in return for a distribution to the shareholders of the corporation of all of the stock or controlling stock of the subsidiary without surrender of any stock by the shareholders of the corporation : a D reorganization involving a distribution of the stock of another company to the corporation's shareholders ;also : a new company created by such a distribution compare split-off, split-up ...
split
split split split·ting : to divide into parts or portions: as a : to divide into factions, parties, or groups b : to mark (a ballot) or cast or register (a vote) so as to vote for candidates of different parties c : to divide (stock) by issuing a larger number of shares to existing shareholders usually without increase in total par value see also stock split d : to divide (a cause of action) into separate parts or claims for the purpose of instituting an action for less than all NOTE: Splitting a cause of action is usually prohibited. vi : to become divided or separated [the Supreme Court splitting five to four, sustained the law "R. H. Bork"] adj 1 : divided into portions, parts, or fragments [a trial] [a stock] 2 : divided by or in opinion [a court] [a decision] ...
stock split
stock split : the division of the outstanding shares of a corporation into a larger number of shares thereby reducing the value of each share but not the total value of each holding compare reverse stock split NOTE: The purpose of a stock split is to make the stock more attractive to potential investors by reducing the price per share. ...
VerbarSaccharomyces
A genus of budding fungi the various species of which have the power to a greater or less extent or splitting up sugar into alcohol and carbonic acid They are the active agents in producing fermentation of wine beer etc Saccharomyces cerevisiaelig is the yeast of sedimentary beer Also called Torula...
Multiplicity
Multiplicity. A bill in equity might have been objectionable for an undue dividing or splitting up of a single cause of suit, and thus multiplying subjects of litigation. Equity discourages unreasonable litigation. It would not, therefore, permit a bill to be brought for a part of a matter only where the whole was the proper subject of one suit. See (English) Jud. Act, 1873, s. 24 (7) [see now (English) Jud. Act, 1925, s. 43]; and as to inferior courts, see ss. 89-91 [see now (English) Jud. Act, 1925, ss.201, 202, 203]....