Part 38Companies: interpretation
Other definitions
1163“Non-cash asset”
(1)
In the Companies Acts “non-cash asset” means any property or interest in property, other than cash.
For this purpose “cash” includes foreign currency.
(2)
A reference to the transfer or acquisition of a non-cash asset includes—
(a)
the creation or extinction of an estate or interest in, or a right over, any property, and
(b)
the discharge of a liability of any person, other than a liability for a liquidated sum.