wasting assets corporation
- wasting assets corporation
-
A corporation engaged in mining or cutting timber or some such business, so that dividends are in fact paid out of capital, the assets being consumed in the regular course of operations. Hayes v St. Louis Union Trust Co. 317 Mo 1028, 298 SW 91, 56 ALR 1276.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
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