Source: http://taxtv.com/code/00319-USCODE-2011-title26-subtitleA-chap1-subchapC-partIII-subpartC-sec361/
Timestamp: 2017-06-24 14:00:23
Document Index: 196098212

Matched Legal Cases: ['§361', '§361', '§361', '§1804', '§1018', '§11321', '§898', '§403', '§361']

IRC §361. Nonrecognition of gain or loss to corporations; treatment of distributions - TaxTV.com
IRC §361. Nonrecognition of gain or loss to corporations; treatment of distributions
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(Aug. 16, 1954, ch. 736, 68A Stat. 118; Pub. L. 99– 4, title XVIII, §1804(g)(1), Oct. 22, 1986, 100 Stat. 2805; Pub. L. 100–647, title I, §1018(d)(5)(A), Nov. 10, 1988, 102 Stat. 3578; Pub. L. 101–508, title XI, §11321(b), Nov. 5, 1990, 104 Stat. 1388–463; Pub. L. 108–357, title VIII, §898(a), Oct. 22, 2004, 118 Stat. 1649; Pub. L. 109–135, title IV, §403(jj)(1), Dec. 21, 2005, 119 Stat. 2632.)
2005—Subsec. (b)(3). Pub. L. 109–135 inserted before period at end “(reduced by the amount of the liabilities assumed (within the meaning of section 357(c)))”.
2004—Subsec. (b)(3). Pub. L. 108–357 inserted at end “In the case of a reorganization described in section 368(a)(1)(D) with respect to which stock or securities of the corporation to which the assets are transferred are distributed in a transaction which qualifies under section 355, this paragraph shall apply only to the extent that the sum of the money and the fair market value of other property transferred to such creditors does not exceed the adjusted bases of such assets transferred.”
1988—Pub. L. 100–647 substituted “corporations; treatment of distributions” for “transferor corporations; other treatment of transferor corporation; etc.” in section catchline and amended text generally, revising content and structure of section.
1986—Pub. L. 99– 4 amended section generally. Prior to amendment, section related to whether gain or loss was recognized if corporation which was party to reorganization exchanged property, pursuant to plan of reorganization, for stock or securities in another corporation which was party to the reorganization or for other property or money.
Section 1804(g)(4) of Pub. L. 99– 4 provided that: “The amendments made by this subsection [amending this section and section 368 of this title] shall apply to plans of reorganizations adopted after the date of the enactment of this Act [Oct. 22, 1986].”
View related content: IRC §361