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District of Columbia
Approval of transfer of outstanding stock with copy of Liquidating...

District of Columbia Approval of transfer of outstanding stock with copy of Liquidating Trust Agreement

Category:

Corporations - Public - Restructuring

State:

Multi-State

Control #:

US-CC-7-374

Format:

Instant download

Description

This sample form, a detailed Approval of Transfer of Outstanding Stock with Copy of Liquidating Trust Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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FAQ

Hear this out loud PauseAn organization will be considered a liquidating trust if it is organized for the primary purpose of liquidating and distributing the assets transferred to it, and if its activities are all reasonably necessary to, and consistent with, the accomplishment of that purpose.

Liquidating trusts are commonly used to help shorten and conclude Chapter 11 cases by saving litigation for after plan confirmation. This can help save time and resources so the debtor can focus on conducting a sale or reorganization rather than being mired in creditor disputes while trying to do so.