§ 1243. Loss of small business investment company
372 words·~2 min read·
/usc/title-26/section-1243A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the case of a small business investment company operating under the Small Business Investment Act of 1958, if—
(1)a loss is on stock received pursuant to the conversion privilege of convertible debentures acquired pursuant to section 304 of the Small Business Investment Act of 1958, and
(2)such loss would (but for this section) be a loss from the sale or exchange of a capital asset,
then such loss shall be treated as an ordinary loss.
(Added Pub. L. 85–866, title I, § 57(a), Sept. 2, 1958, 72 Stat. 1645; amended Pub. L. 91–172, title IV, § 433(b), Dec. 30, 1969, 83 Stat. 624; Pub. L. 94–455, title XIX, § 1901(b)(3)(F), Oct. 4, 1976, 90 Stat. 1793.)
Connections3 cite this · traces to 5
Cited by 3 sections · top 2
13 references not yet in our index
- Pub. L. 85–866, title I, § 57(a)
- 72 Stat. 1645
- Pub. L. 91–172, title IV, § 433(b)
- 83 Stat. 624
- Pub. L. 94–455, title XIX, § 1901(b)(3)(F)
- 90 Stat. 1793
- Pub. L. 85–699
- 72 Stat. 689
- Pub. L. 94–455
- Pub. L. 91–172
- section 1901(d) of Pub. L. 94–455
- section 433(d) of Pub. L. 91–172
- section 57(d) of Pub. L. 85–866
Citation graph
cites case law
§ 1243
Loss of small business investment company
U.S.C.×2
Stat.×1
Pub. L.Pub. L. 85–866, title I, § 57(a)
Stat.72 Stat. 1645
Pub. L.Pub. L. 91–172, title IV, § 433(b)
Stat.83 Stat. 624
Pub. L.Pub. L. 94–455, title XIX, § 1901(b)(3)(F)
Cites 18 · showing 10Cited by 3 across 2 sources