Voluntary liquidation definition

Voluntary liquidation means the dissolution of a solvent Federal credit union with the assets being sold or col- lected, liabilities paid, and shares dis- tributed under the direction of the board of directors or its duly appointed liquidating agent.
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Voluntary liquidation means the liquidation of a company under Part X; “voluntary liquidator” means a liquidator appointed under Part X.
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Voluntary liquidation means, in respect of a person, the failure of the person to continue owning a substantial part of its existing assets or operate its existing business, whether as a result of (i) a sale, lease, transfer, exclusive license or other disposition, directly or indirectly, of all or substantially all of the assets of Target or (ii) a liquidation, dissolution or winding up of Target or (iii) any amalgamation, consolidation, reorganization, restructuring or transaction with a similar impact.
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Examples of Voluntary liquidation in a sentence

  • Voluntary liquidation authorized - Qualification of liquidating committee.Repealed by S.L. 1967, ch.

  • If RHS determines that foreclosure is in the best interest of the Government, RHS will send an acceleration notice to each borrower and any cosigner.(d) Voluntary liquidation.

  • Voluntary liquidation procedure (in Hungarian: ‘végelszámolás’) may be initiated by the company itself if its assets cover its liabilities.

  • The Board is responsible for insuring that all fiscal matters conform to the Bylaws and Policies of Altrusa International, Inc.

  • The following actions require prior written ministerial consent, following consultation with the Minister of National Infrastructures: Voluntary liquidation of the Company; a settlement or arrangement between the Company and its creditors or shareholders; a merger of the Company with another company; a split of the Company, other than a split relating only to the transferring Company assets not used in refining crude oil, manufacturing fuel products and supplying them in Israel.

  • Voluntary Liquidation Voluntary liquidation can be utilised to wind up a company incorporated or registered in the Cayman Islands.

  • Voluntary liquidation methods such as pre-foreclosure sales and deed-in-lieu of foreclosure may be used to protect the Government’s interest once the servicer has examined other servicing options and determined the borrower cannot continue with the loan obligation.

  • With the Board’sprior approval, an Edge or agreement corporation may engage, directly or indirectly, in other activities in the United States that the Board determines are incidental to their international or foreign business.§ 211.7 Voluntary liquidation of Edge and agreement corporations.

  • For eye care development projects in particular, the challenge is to bring together an amalgam of specialised skills and knowledge towards tailored and targeted inputs, to achieve desired sustainable outcomes.

  • Voluntary liquidation had been discussed for a decade in order to protect investors and banks that were financially involved in situations where companies were in a critical situation.In the 1970s, the Bank of England developed a unique voluntary liquidation system called theKawamura: The Dubai Approach as a New Resolution System for Islamic Finance Dispute Cases ‘London Approach’; the new resolution system originates from this.


More Definitions of Voluntary liquidation

Voluntary liquidation means a situation in which a bank or financial institution initiates voluntary liquidation pursuant to Chapter 11.
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Voluntary liquidation means the liquidation of a company under Part X;
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Voluntary liquidation. As part of ‘business decisions’
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Voluntary liquidation means a liquidation of all or a substantial part of the assets of the Company pursuant to (i) a proceeding commenced by the Company, or to which it has consented or acquiesced, seeking liquidation, dissolution, or similar relief under any federal or state law, including, without limitation, pursuant to the appointment, with the consent or acquiescence of the Company, of a trustee, receiver, or liquidator, or (ii) pursuant to the termination and dissolution of the Company in accordance with Section 7.8(a)(iii), Section 12.1(c) and/or Section 12.1(e).
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Voluntary liquidation means the liquidation of a limited liability partnership under Part X;
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Related to Voluntary liquidation

  • Pro-rata Liquidation means an amount equal to the liquidation of the relevant Collateral Assets held in the Margin Account for a Series of ETP Securities, pro rata to the amount of ETP Securities being redeemed divided by the total number of ETP Securities for such Series, after the pro rata deduction of all costs and expenses incurred by the Issuer in connection with the liquidation of such Collateral Assets, the pro rata deduction of the Arranger Fee and any Funding and Brokerage Fees.

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Liquidation Event means, whether in a single transaction or series of transactions, the voluntary or involuntary liquidation, dissolution or winding up of the Company or such Subsidiaries the assets of which constitute all or substantially all of the assets of the business of the Company and its Subsidiaries, taken as a whole.