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)
“I am absolutely sure that a lot of Daddy anger has more to do with unrealized dreams than with messy rooms. Trust me. You’re not really angry at your kids. You’re angry at somebody else, somebody who is a far less distinguished person than he dreamed of being.”
—Hugh O’Neill (20th century)