Reconstruction (law)
id:
reconstruction-law-320-4833840
title:
Reconstruction (law)
text:
Reconstruction, in law, is the transfer of a company's business to a new company. The old company will get put into liquidation, and shareholders will agree to take shares of equivalent value in the new company. In UK company law, the governing provisions are in the Insolvency Act 1986, ss. 110–111. The sanction of a court is not required. Yet if a shareholder objects, he or she may require a cash payment instead of shares. Creditors who object to have their debts transferred to a new company ca
brand slug:
wiki
category slug:
encyclopedia
description:
Transfer of a company's business to a new company
original url:
https://en.wikipedia.org/wiki/Reconstruction_(law)
date created:
date modified:
2020-02-21T20:08:45Z
main entity:
{"identifier":"Q7302778","url":"https://www.wikidata.org/entity/Q7302778"}
image:
fields total:
13
integrity:
14