Transformation
/trænsfərˈmeɪʃən/
Definitions
- (n.) The act or process of changing the nature, form, or appearance of an entity, especially in legal contexts such as corporate restructuring or property rights alteration.
The transformation of the company into a limited liability entity required shareholder approval.
- (n.) A statutory process by which a legal entity is converted into another entity under the law, often without liquidation.
The business underwent a transformation from a partnership to a corporation under the state's transformation statute.
Related terms
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Commentary
In legal drafting, 'transformation' often implies a formal process affecting legal status or structure and should be clearly distinguished from informal or colloquial uses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.