Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 317
Other definitions
Official textgovinfo.govlast amended
# (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.
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Nearby sections (25 sections)
- 281 · Terminal railroad corporations and their shareholders
- 291 · Special rules relating to corporate preference items
- 301 · Distributions of property
- 302 · Distributions in redemption of stock
- 303 · Distributions in redemption of stock to pay death taxes
- 304 · Redemption through use of related corporations
- 305 · Distributions of stock and stock rights
- 306 · Dispositions of certain stock
- 307 · Basis of stock and stock rights acquired in distributions
- 311 · Taxability of corporation on distribution
- 312 · Effect on earnings and profits
- 316 · Dividend defined
- 317 · Other definitions
- 318 · Constructive ownership of stock
- 331 · Gain or loss to shareholder in corporate liquidations
- 332 · Complete liquidations of subsidiaries
- 333 · [§333. Repealed. Pub. L. 99–514, title VI, §631(e)(3), Oct. 22,…
- 334 · Basis of property received in liquidations
- 336 · Gain or loss recognized on property distributed in complete…
- 337 · Nonrecognition for property distributed to parent in complete…
- 338 · Certain stock purchases treated as asset acquisitions
- 341 · [§341. Repealed. Pub. L. 108–27, title III, §302(e)(4)(A), May…
- 342 · [§342. Repealed. Pub. L. 94–455, title XIX, §1901(a)(47), Oct. 4,…
- 346 · Definition and special rule
- 351 · Transfer to corporation controlled by transferor