cuenta distributiva del fondo repartible

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21:53 Apr 23, 2018
Spanish to English translations [PRO]
Law/Patents - Law (general) / Deed of Incorporation
Spanish term or phrase: cuenta distributiva del fondo repartible
I'm stuck translating the above phrase. Below is the whole sentence. It is the clause referring to the liquidation of a company from its Deed of Incorporation.

EL LIQUIDADOR CONFECCIONARA INVENTARIO, BALANCE Y CUENTA DISTRIBUTIVA DEL FONDO REPARTIBLE Y TENDRA LAS RESPONSABILDIADES, FACULTADES Y DEBERES QUE LA LEY DETERMINA.

Thanks in advance!
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William Wildt
Honduras
Local time: 07:34


Summary of answers provided
4distribution account
philgoddard
3funds available in the distributable funds account
David Hollywood


  

Answers


16 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
funds available in the distributable funds account


Explanation:
something along these lines

--------------------------------------------------
Note added at 17 mins (2018-04-23 22:10:52 GMT)
--------------------------------------------------

I understand "cuenta distributiva" to mean the funds available for distribution

David Hollywood
Local time: 10:34
Meets criteria
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Native speaker of: Native in EnglishEnglish
PRO pts in category: 1053

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: It says "confeccionará", so it's not the funds themselves, it's a record of them.
19 hrs
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
distribution account


Explanation:
It literally means "distribution account of distributable funds", but it can be expressed much more concisely in English.

Example sentence(s):
  • Note that the shareholder accounts (Retained Profits, Forfeited Shares Reserve... could also be transferred to the Shareholders' Distribution account as an alternative
  • First and Final Liquidation and Distribution Account will lie at the Resident Magistrate's Office, Burghersdorp

    Reference: http://books.google.com/books?id=ezJ7LIl0U0oC&pg=PT509&lpg=P...
    Reference: http://books.google.com/books?id=HMczAQAAMAAJ&pg=PA394&lpg=P...
philgoddard
United States
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 586
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