surplus assets definition

surplus assets means, in relation to the incorporated association, 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;

More Definitions of surplus assets

surplus assets means the Assets of a Foundation, if any, remaining after its dissolution;
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 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 the assets of a company remaining after the payment of creditors’ claims following liquidation of the company and available for distribution in accordance with the articles of incorporation of the company and this Act;
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.