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单词 Deep Rock doctrine
释义 Deep Rock doctrine n [from Deep Rock, a debtor corporation found to have been used for fraudulent transfers to its parent corporation in the Supreme Court case Taylor v. Standard Gas and Electric Co. ( Deep Rock ), 306 U.S. 307(1939)]: a doctrine holding that the claim of a stockholder and esp. a stockholder with controlling interest who makes a loan to his or her own corporation will be subordinated to the claims of outside creditors if the corporation is deemed undercapitalized
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更新时间:2024/10/27 5:27:26