§ 331. Gain or loss to shareholder in corporate liquidations
528 words·~2 min read·
/usc/title-26/section-331A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Distributions in complete liquidation treated as exchanges Amounts received by a shareholder in a distribution in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock.
(b)Nonapplication of section 301 Section 301 (relating to effects on shareholder of distributions of property) shall not apply to any distribution of property (other than a distribution referred to in paragraph (2)(B) of section 316(b)) in complete liquidation.
(c)Cross reference For general rule for determination of the amount of gain or loss recognized, see section 1001.
(Aug. 16, 1954, ch. 736, 68A Stat. 101; Pub. L. 88–272, title II, § 225(f)(2), Feb. 26, 1964, 78 Stat. 88; Pub. L. 94–455, title XIX, § 1901(b)(28)(A), Oct. 4, 1976, 90 Stat. 1799; Pub. L. 97–248, title II, § 222(a), (e)(1)(B), Sept. 3, 1982, 96 Stat. 478, 480; Pub. L. 115–141, div. U, title IV, § 401(a)(63), Mar. 23, 2018, 132 Stat. 1187.)
Connections11 cite this · traces to 5
Cited by 11 sections · top 8
statutes-at-large
- Public Law 88–272
- Public Law 415
- Public Law 403
- Public Law 98–369To provide for tax reform, and for deficit reduction
- Public Law 99–264To settle unresolved claims relating to certain allotted Indian lands on the White Earth Indian Reservation, to remove clouds from the titles to certain lands, and for other purposes
- Public Law 97–248To provide for tax equity and fiscal responsibility, and for other purposes
- Public Law 96–471To amend the Internal Revenue Code of 1954 to revise the rules relating to certain installment sales
- Public Law 94–455To reform the tax laws of the United States
Traces to 5 documents
19 references not yet in our index
- Aug. 16, 1954, ch. 736
- 68A Stat. 101
- Pub. L. 88–272, title II, § 225(f)(2)
- 78 Stat. 88
- Pub. L. 94–455, title XIX, § 1901(b)(28)(A)
- 90 Stat. 1799
- Pub. L. 97–248, title II, § 222(a)
- 96 Stat. 478
- 132 Stat. 1187
- Pub. L. 97–248, § 222(a)
- Pub. L. 97–248, § 222(e)(1)(B)
- Pub. L. 94–455
- Pub. L. 88–272
- Pub. L. 97–248
- section 222(f) of Pub. L. 97–248
- section 1901(d) of Pub. L. 94–455
- Pub. L. 88–272, title II, § 225(h)
- 78 Stat. 90
- section 225 of Pub. L. 88–272
Citation graph
cites case law
§ 331
Gain or loss to shareholder in corporate liquidations
Stat.×11
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 101
Pub. L.Pub. L. 88–272, title II, § 225(f)(2)
Stat.78 Stat. 88
Pub. L.Pub. L. 94–455, title XIX, § 1901(b)(28)(A)
Cites 24 · showing 10Cited by 11 across 1 source