26 U.S.C. § 317

Current through P.L. 116-21 (6/12/2019)
Section 317 - Other definitions
(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.

26 U.S.C. § 317

Aug. 16, 1954, ch. 736, 68A Stat. 99.

corporation
The term "corporation" includes associations, joint-stock companies, and insurance companies.
shareholder
The term "shareholder" includes a member in an association, joint-stock company, or insurance company.
stock
The term "stock" includes shares in an association, joint-stock company, or insurance company.