The target ceases its separate legal existence for all purposes.
What does AP stand for?
AP stands for All Purpose (RealTree camoflauge)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of AP
We have 193 other meanings of AP in our Acronym Attic
- Air Pump
- Airport Plaza (Crystal City, Arlington, VA)
- Alan Parsons (musician)
- Alarm Processor (AT&T)
- Alfa Parf (hair care)
- Alianza Popular (Spanish political party)
- Alien Patrol (gaming)
- Alki Point (Washington)
- All Points
Samples in periodicals archive:
16) Where no tax election was made, the "default" method set forth in section 1552(a)(1) (under which tax liability is allocable only to members that have taxable income) applied for all purposes.
Under W law (and at the effective time of the transaction), all of Z's assets and liabilities become X's assets and liabilities, and Z ceases to exist as a separate legal entity for all purposes.