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Nell Doctrine on Asset Transfers by Jovelle Zabala Cayaban is a document available to read on EtoBox.

What is Nell Doctrine on Asset Transfers about?

The Nell Doctrine generally holds that when one corporation sells all its assets to another corporation, the buying corporation is not liable for the debts of the selling corporation. There are four exceptions: (1) if the buying corporation expressly or implicitly agrees to assume the debts; (2) if the transaction amounts to a consolidation or merger; (3) if the buying corporation is merely a continuation of the selling corporation; or (4) if the transaction was fraudulent to escape liability for debts. The

Author

Jovelle Zabala Cayaban

Language

EN