§ 1036. Stock for stock of same corporation
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/usc/title-26/section-1036A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General rule No gain or loss shall be recognized if common stock in a corporation is exchanged solely for common stock in the same corporation, or if preferred stock in a corporation is exchanged solely for preferred stock in the same corporation.
(b)Nonqualified preferred stock not treated as stock For purposes of this section, nonqualified preferred stock (as defined in section 351(g)(2)) shall be treated as property other than stock.
(c)Cross references
(1)For rules relating to recognition of gain or loss where an exchange is not solely in kind, see subsections
(b)and
(c)of section 1031.
(2)For rules relating to the basis of property acquired in an exchange described in subsection (a), see subsection
(d)of section 1031.
(Aug. 16, 1954, ch. 736, 68A Stat. 309; Pub. L. 105–34, title X, § 1014(e)(3), Aug. 5, 1997, 111 Stat. 921.)
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- Aug. 16, 1954, ch. 736
- 68A Stat. 309
- Pub. L. 105–34, title X, § 1014(e)(3)
- 111 Stat. 921
- Pub. L. 105–34
- section 1014(f) of Pub. L. 105–34
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§ 1036
Stock for stock of same corporation
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 309
Pub. L.Pub. L. 105–34, title X, § 1014(e)(3)
Stat.111 Stat. 921
Pub. L.Pub. L. 105–34
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