surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;
surplus assets means any assets of the Company that remain after paying all debts and other liabilities of the Company, including the costs of winding up.
surplus assets means the assets of a company remaining after the payment of creditors' claims and available for distribution in accordance with Part XI of the Companies Act 1984 prior to its removal from the register of companies;
Examples of surplus assets in a sentence
All donated Surplus Assets must be approved by the Department Commissioner.
More Definitions of surplus assets
surplus assets means the assets of a company remaining after the payment of creditors’ claims and available for distribution before the removal of its name from the register of companies;
surplus assets means the Assets of a Foundation, if any, remaining after its dissolution;
surplus assets means personal property of the Company and its Subsidiaries which has been used in the business of the Company and its Subsidiaries for not less than one year and which is sufficiently immaterial to the conduct of the business of the Company and its Subsidiaries that the contribution thereof to any Permitted Joint Venture would not result in the acquisition by the Company or any of its Subsidiaries of a substantially similar item of personal property during the period of one year following the date of such contribution.
surplus assets means Goods, stocks and other assets, which are obsolete, damaged or surplus to that Department’s needs.
surplus assets means in the case of each Company any assets remaining after repayment of all amounts due in liquidation to the holders of the Preference Shares of the Dutch Company or of the English Company as the case may be.
surplus assets means the assets of a company remaining after the
surplus assets means any assets of the Party that remain after paying all debts and other liabilities of the Party, including the costs of winding up.