transitory action


Also found in: Legal.

transitory action

n
(Law) law an action that can be brought in any country regardless of where it originated
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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"The winding up is an administrative process to restructure the legal entities in readiness for investor inputs and the notice to wind up SDCL is there- we of a transitory action.