CONTINUITY OF BUSINESS ENTERPRISE
continuity of business enterprise. A doctrine covering acquisitive reorganizations whereby the acquiring cor-poration must continue the target corporation’s historical business or must use a significant portion of the target’s business assets in a new business to qualify the exchange as a tax-deferred transaction. [Cases: Corporations 445.
1. C.J.S. Corporations ¡ì 657.]
What is the legal translation of CONTINUITY OF BUSINESS ENTERPRISE in Chinese?
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