Transferor corporation definition

Transferor corporation means a corporation which is the exclusive and undisputed owner of the technology at the time the transfer is made; and
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Transferor corporation means the corporation, foreign or domestic, that transfers its assets to another corporation in a transfer to which section 361 (relating to nonrecognition of gain or loss to corpo- rations) applies, but only if—
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Examples of Transferor corporation in a sentence

  • For an acquisition to qualify as a reorganization under section 368(a)(1)(C) or (D) of the Code, the acquiring corporation must continue the historic business enterprise of the Transferor corporation or use a significant portion of the Transferor’s historic business assets in a business.

  • An example in the Treasury Regulations indicates that an acquiring corporation that retains one of three manufacturing plants owned by the Transferor corporation, each of which was of equal value, will be considered to meet this “continuity of business enterprise” requirement.

  • Adistributor corporation means the corporation, foreign or domestic, that distributes its assets to another corporation described in section 332(b) in a distribution to which section 332 (relating to liquidations of subsidiaries) applies.(9) Transferor corporation.

  • Transferor corporation that converted to a limited liability com- pany under xxxxx law.

  • THE person(s) signing this Agreement on behalf of the Transferor corporation herein covenant and confirm that they are authorized to sign the Agreement on behalf of the Transferor, as authorized signing officers of the Transferor for the purposes of carrying out the terms of this Agreement.

  • Transferor corporation receives money and / or property, does not distribute it pursuant to the merger or consolidation plan►the gain shall be recognized but in an amount not in excess of the sum of such money and the FMV of such other property so received.

Related to Transferor corporation

  • The Purchaser or Corporation means the APMSIDC, the purchasing agency

  • Acquiring Corporation means (i) the continuing or surviving corporation of a consolidation or merger with Issuer (if other than Issuer), (ii) Issuer in a merger in which Issuer is the continuing or surviving person, and (iii) the transferee of all or substantially all of Issuer's assets.

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Surviving Corporation has the meaning set forth in Section 2.1.

  • Delaware LLC Division means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited Liability Company Act.