2.26 Ark. Code R. 51-412(c)

Current through Register Vol. 49, No. 9, September, 2024

Rule 2.26-51-412(c) - Exchange of Property in a Reorganization

No gain or loss shall be recognized if:

a) pursuant to a reorganization plan, stock or securities in a corporation are exchanged solely for stock or securities in the same corporation or in another party to the reorganization; or

b) pursuant to a reorganization plan, a party to a reorganization exchanges property solely for stock or securities in another party to the reorganization.

2.26 Ark. Code R. 51-412(c)