This is an old revision of this page, as edited by Andy Maybury (talk | contribs) at 15:08, 26 November 2012 (Add a home entry for asset lock that points to both company types and charities rather than automatic redirection to IPS only.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
A legal clause that prevents the assets of a company (income or capital) being used for private gain rather than the stated purposes of the organisation. Asset lock is incorporated into the formal structure of a "bencom" (a type of Industrial and provident society), Community Interest Company or charity.
