A Reverse Morris Trust is a transaction that combines a divisive reorganization (spin-off) with an acquisitive reorganization (statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary under United States law.
Read more about Reverse Morris Trust: Structure, History, Examples
Famous quotes containing the words reverse, morris and/or trust:
“Now listen, buddy, there are a few corny ideas you got to get out of your head if you’re going to fly an airplane. Most things are just the reverse from what people think. The higher you are the safer you are. The Earth down there, that, that’s your enemy because once you hit that, boy, you splatter.”
—Dalton Trumbo (1905–1976)
“Dreamer of dreams, born out of my due time,
Why should I strive to set the crooked straight?
Let it suffice me that my murmuring rhyme
Beats with light wing against the ivory gate,”
—William Morris (1834–1896)
“For most of my adult life, I have been an emotional hit-and- run driver—that is, a reporter. I made people like me, trust me, open their hearts and their minds to me, and cry and bleed on to the pages of my neat little notebooks, and then I went back to a safe place and made a story out of it.”
—Anna Quindlen (b. 1952)