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Reincorporate

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Re`in`cor´po`rate
v. t.1.To incorporate again.


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Shareholders of Ingersoll-Rand Co approved the conglomerate's plan to reincorporate from Bermuda to Ireland by a margin of 97 to 3, and the reorganization will become effective within four weeks, the company said, reports Reuters (June 4, 2009).
17 shareholders voted to reincorporate the company in Switzerland to save on taxes.
Meanwhile, StockerYale continued to maintain its three-week silence on a special shareholder meeting to give the company the right to issue a reverse stock split, as well as to reincorporate in Delaware.
 
 
 
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