Encyclopedia > U > Undervalue transaction
Undervalue transaction
An undervalue transaction is a transaction entered into by a companySome legal systems also apply undervalue transactions to insolvent individuals who subsequently goes into bankruptcy which the court orders be set aside, usually upon the application of a liquidator for the benefit of the debtor's creditors.See for example, section 238 of the Insolvency Act 1986 in the United Kingdom, and section 567 of the Corporations Act 2001 in Australia
Information are taken from Wikipedia, the open encyclopedia, to which contribute many volunteers from around the whole world. Texts are available under the following conditions GNU Free Documentation License.
Encyklopedie (cz) Encyklopédia (sk) Enzyklopädie (de)