the 1986 Act definition
Examples of the 1986 Act in a sentence
Notwithstanding this general rule, the 1986 Act taxes capital gains at the same rate as ordinary income beginning January 1, 1988.
In accordance with Clause 4 and the 1986 Act as it is applied to LLPs under the 2000 Act, the Members may resolve to: place the LLP into voluntary liquidation; make a proposal for a voluntary arrangement, scheme of compromise or arrangement with its creditors; apply for an administration order; appoint a liquidator; and/or apply to the court to wind up the LLP.
A meeting may also be called by any liquidator of the LLP appointed under the 1986 Act; a meeting may be held at such time and place as the Members or liquidator calling the meeting think reasonably specify in the notice of meeting, served in accordance with Paragraph 1.3 of this Part 2 of the Schedule.
Consistent with the 1986 Act and the International Agreement, the Administration’s proposed implementing legislation designates RMS Titanic as an international maritime memorial and gravesite to those aboard her who perished in 1912.
For the purposes of section 74 of the 1986 Act as it is applied to LLPs under the Act, no Member is liable to contribute any amount to the assets of the LLP on liquidation to cover any of the matters set out in that section.