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demutualize |
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demutualize, demutualise [diːˈmjuːtʃʊəˌlaɪz] vb
(Economics, Accounting & Finance / Banking & Finance) to convert (a mutual society, such as a building society) to a public limited company or (of such a society) to be converted demutualization , demutualisation n Translations demutualize vi (Fin) → sich in eine Kapitalgesellschaft umwandeln How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Columbus, Ohio, has completed its sponsored demutualization of Provident Mutual Life Insurance Co. In Letter Ruling (TAM) 200126008, the IRS concluded that a mutual insurance company may deduct a demutualization payment made to its state's treasury in the year in which it made the payment, based in large part on the origin-of-the-claim doctrine. Although the amount and type of consideration -- which could take the form of stock, cash or both -- that will be received by the Trust is unknown at this time, the AICPA Life Insurance/Disability Plans Committee and its Task Force for Demutualization are continuing to monitor the demutualization process and are currently in the process of reviewing Prudential's Plan of Reorganization. |
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