26 USC 317: Other definitions

26 USC 317: Other definitions Text contains those laws in effect on January 4, 1995

From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter C-Corporate Distributions and AdjustmentsPART I-DISTRIBUTIONS BY CORPORATIONSSubpart C-Definitions; Constructive Ownership of Stock

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§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.

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

Cross References

Dispositions other than redemptions, see section 306 of this title.

Distributions of property, see section 301 of this title.

Redemptions treated as distributions of property, see section 302 of this title.

Section Referred to in Other Sections

This section is referred to in sections 301, 302, 306, 593 of this title.