 | United States. Internal Revenue Service - Tax administration and procedure - 1964 - 744 pages
...part of its stock. Section 351 of the Code provides, in part, as follows : (a) GENERAL RULE. — No gain or loss shall be recognized if property is transferred...the exchange such person or persons are in control (as defined in section 368 (c) of the corporation. For purposes of this section, stock or securities... | |
 | United States. Internal Revenue Service - Internal revenue - 1968 - 1034 pages
...operate as a business corporation. Section 351 of the Code provides in part that no gain or loss will be recognized if property is transferred to a corporation...the exchange such person or persons are in control (as denned in section 368 (c) of the Code) of the corporation. Section 802 (b) (3) of the Code provides... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1954 - 726 pages
...of the corporation to which the assets are transferred. Section 112(b)(5) provides in part that no gain or loss shall be recognized if property is transferred...person or persons are in control of the corporation. Section 112(h) defines the term "control" to mean the ownership of btock possessing at least 80 per... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1955 - 1158 pages
...Revenue Code of 1939 provides, in part, as follows: "I rec (b) EXCHANGES SOLELT IN KIND. — ******* (5) TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR....person or persons are in control of the corporation; * * * ******* (li) DEFINITION OF CONTROL. — As used in this section the term "control" means the... | |
 | Wisconsin - Session laws - 1955 - 890 pages
...liquidation of the corporation. 71.351 TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR. (1) GENERAL RULE. No gain or loss shall be recognized if property is transferred...the exchange such person or persons are in control (as defined in s. 71. 368 (3) ) of the corporation. For purposes of this section, stock or securities... | |
 | Wisconsin - Bills, Private - 1955 - 850 pages
...liquidation of the corporation. 71.351 TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR. (1) GENERAL RULE. No gain or loss shall be recognized if property is transferred...the exchange such person or persons are in control (as denned in s. 71. 368 (3) ) of the corporation. For purposes of this section, stock or securities... | |
 | United States. Tax Court - Law reports, digests, etc - 1957 - 1408 pages
...under section 1 SEC. 112. RECOGNITION OF GAIN OR LOSS, (b) EXCHANGES SOULT IN KIND. **•*••• (5) TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR....or persons are In control of the corporation ; but ID the case of an exchange by two or more persons this paragraph shall apply only If the amount of... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1958 - 1170 pages
...as follows : "SEC. 351. TRANSFER TO CORPORATION CONTROLLED BY TRANSFEROR. "(a) General Rule. — No gain or loss shall be recognized if property is transferred...the exchange such person or persons are in control (as defined in section 368 (c) ) of the corporation. For purposes of this section, stock or securities... | |
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No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation, and immediately after the exchange such person or persons are in control of the corporation... 
