InvestorWords.com

whitewash resolution 

A term used in Europe to refer to a specific portion of the corporation act (called the Companies Act in Europe). This portion of the act indicates that a specific resolution must be passed before a company being bought out can provide financial assistance to the company>> which is buying it out. This is to prevent companies from taking advantage of the companies they are buying out.

This content can be found on the following page:

Copyright©1997-2008 by InvestorWords.com. ALL RIGHTS RESERVED.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback@investorguide.com

Copy and paste this HTML in your website to link to this page    <a href="http://www.investorwords.com/6958/whitewash_resolution.html">whitewash resolution</a>