Asset lock

{{Use dmy dates|date=January 2024}} {{mi| {{refimprove|date=November 2025}} {{sources exist|date=March 2025}} }} 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.<ref name=Handbook>{{cite book|url=https://books.google.com/books?id=2aukEAAAQBAJ&pg=PA64&dq=%22Asset+lock%22+-wikipedia&hl=en&newbks=1&newbks_redir=0&source=|pages=63-65|title=The International Handbook of Social Enterprise Law: Benefit Corporations and Other Purpose-Driven Companies|isbn=9783031142161| publisher=Springer International Publishing |year=2022|access-date=1 December 2025}}</ref>

Asset locks may be incorporated into the formal structure of a "bencom" (a benefit corporation, which is a type of industrial and provident society),<ref name=Handbook />community interest company, or charitable organisation.

==References== {{reflist}}

Category:Corporate law

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