Meaning of “change of ownership” in the English Dictionary

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"change of ownership" in Business English

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change of ownershipnoun [ C or U ]

uk us plural changes of ownership

LAW a legal process that makes someone the official new owner of a property, business, or vehicle:

A Change of Ownership notice was posted on the restaurant's door.

(Definition of “change of ownership” from the Cambridge Business English Dictionary © Cambridge University Press)