these are NOT synonyms 09:28 Nov 24, 2013
"in specie" or "in kind" are two different options, not synonyms in any way,
in specie means as it is, in the form it is, i.e. if a building belonging to the company is worth was is what is owed to a shareholder, the shareholder gets the ownership of the bulging as it is, "in its actual form".
in kind – in general means a replacement – you don’t get what you should get, but something else that is deemed to be a “fair replacement” ; in this case, when the company is wound-up, the shareholder doesn’t get anything that was part of company’s assets (vehicles, machinery, computers, building…) but a fair replacement, most likely simply money.
How can you consider that getting a piece of hardware and getting some money can be the same?
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