§ 317. Other definitions
91 words·~1 min read·
/usc/title-26/section-317A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Property For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).
(b)Redemption of stock For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.
(Aug. 16, 1954, ch. 736, 68A Stat. 99.)
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- Aug. 16, 1954, ch. 736
- 68A Stat. 99
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§ 317
Other definitions
Stat.×2
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 99
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