merger and consolidation
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 315 U.S. 179 - Helvering v. Alabama Asphaltic Limestone Co. · 1942Most cited · 436 citing opinions
merger' and 'consolidation' as used in the Act includes transactions which 'are beyond the ordinary and commonly accepted meaning of those words'. Insolvency reorganizations are within the family of financial readjustments embraced in those terms as used in this particular statute.