de facto merger
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 306 U.S. 522 - Helvering v. Metropolitan Edison Co. · 1939Most cited · 140 citing opinions
under the law of Pennsylvania, the transfer in question constituted a de facto merger, even though the transfer did not comply with all the provisions of the Act of 1874, and that, as matter of law, the taxpayer would be liable for the debts of the transferor