Chapter 454.
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CHAP. 454.— Joint Resolution To amend section 302 of the Revenue Act of 1926. March 3, 1931.[H. J. Res. 529](/us/bill/71/hjres/529).[Pub. Res., No. 131](/us/bill/71/pubres/131). Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,Revenue Act of 1926, amendment.Vol. 44, p. 70, amended.Gross estates; property included.Transfers in contemplation of death. That the first sentence of subdivision
(c)of section 302 of the Revenue Act of 1926 is amended to read as follows: " “(c) To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, in contemplation of or intended to take effect in possession or enjoyment at or after his death, including a transfer under which the transferor has retained for his life or any period not ending before his death
(1)the possession or enjoyment of, or the income from, the property or1517
(2)the right to designate the persons who shall possess or enjoy the property or the income therefrom; except in case of a bona fide sale for an adequate and full consideration m money or money’s worth.” " Approved, March 3, 1931.