# Asset Sale

**IRI:** https://folio.openlegalstandard.org/R7Tlb5jr0s5vTCukFLEkFLc

## Labels

**Translations:**

- en-gb: Asset Sale
- es-es: Venta de activos
- es-mx: Venta de activos
- he-il: מכירת נכסים
- hi-in: एसेट बिक्री

## Definition

The concept of Asset Sale refers to the transfer of ownership of assets for a regulatory purpose (e.g., selling bankrupt or financially distressed company's assets to another party in order to raise funds and pay off creditors; e.g., to increase public benefits).

## Sub Class Of

- https://folio.openlegalstandard.org/R79ZRcChNA1jEORJLsPWYSv
- https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl

## See Also

- https://folio.openlegalstandard.org/R9C8kvaHqPiEx12rDZXvLn
- https://folio.openlegalstandard.org/RCIwc6WJi6IT7xePURxsi4T

**Deprecated:** False