§ 1.317-1. Property defined.
40 words·~1 min read·
/us/cfr/t26/s§ 1.317-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term property, for purposes of part 1, subchapter C, chapter 1 of the Code, means any property (including money, securities, and indebtedness to the corporation) other than stock, or rights to acquire stock, in the corporation making the distribution.