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:
“They shall beat their swords into plowshares, and their spears into pruninghooks: nation shall not lift up sword against nation, neither shall they learn war any more.”
—Bible: Hebrew Isaiah, 2:4.
The words reappear in Micah 4:3, and the reverse injunction is made in Joel 3:10 (”Beat your plowshares into swords ...”)
“The wind’s on the wold
And the night is a-cold,
And Thames runs chill
‘Twixt mead and hill.
But kind and dear
Is the old house here
And my heart is warm
Midst winter’s harm.”
—William Morris (1834–1896)
“Quotations—always inexact. I don’t trust people who cannot even copy out.”
—Jean Rostand (1894–1977)