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Asset lock
From Wikipedia, the free encyclopedia
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An asset lock is a legal clause that prevents the assets of a company from being used for private gain rather than the stated purposes of the organisation. Asset locks may be incorporated into the formal structure of a "bencom" (a type of industrial and provident society), community interest company, or charitable organisation.
![]() | This law-related article does not cite its references or sources. You can help Wikipedia by including appropriate citations, which can be found through legal research. Unsourced or poorly sourced material may be challenged and removed. (August 2025) |
An editor has determined that sufficient sources exist to establish the subject's notability. (March 2025) |
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