Source: http://ecfr.io/Title-26/se26.9.1_1597_61
Timestamp: 2020-06-06 05:56:38
Document Index: 15672139

Matched Legal Cases: ['§1', 'art 1', '§1', 'art 1', '§1', 'art 1', '§1', '§1', '§1', '§1', '§1', '§1', '§1']

[26 CFR §1.597-1] Title 26 Part 1 → §1.597-1 : Code of Federal Regulations ';
Title 26 Part 1 → §1.597-1
Title 26 → Chapter I → Subchapter A → Part 1 → §1.597-1
§1.597-1 Definitions.
For purposes of the regulations under section 597—
(a) Unless the context otherwise requires, the terms consolidated group, member and subsidiary have the meanings provided in §1.1502-1; and
(b) The following terms have the meanings provided below—
Acquiring. The term Acquiring means a corporation that is a transferee in a Taxable Transfer, other than a deemed transferee in a Taxable Transfer described in §1.597-5(b).
Bridge Bank. The term Bridge Bank means an Institution that is organized by Agency to hold assets and liabilities of another Institution and that continues the operation of the other Institution's business pending its acquisition or liquidation, and that is any of the following—
New Entity. The term New Entity means the new corporation that is treated as purchasing all of the assets of an Old Entity in a Taxable Transfer described in §1.597-5(b).
Old Entity. The term Old Entity means the Institution or Consolidated Subsidiary that is treated as selling all of its assets in a Taxable Transfer described in §1.597-5(b).
Taxable Transfer. The term Taxable Transfer has the meaning provided in §1.597-5(a)(1).