Assertion: redemption | /r/HasProperty | treated as exchange
Facets:
Source sentences:
text: However, if a redemption is treated as an exchange to a particular shareholder under the terms of section 302(b)(2), such section will apply to the simultaneous redemption of nonvoting preferred stock (which is not section 306 stock) owned by such shareholder and such redemption will also be treated as an exchange Generally , for purposes of this section, stock which does not have voting rights until the happening of an event, such as a default in the payment of dividends on preferred stock , is not voting stock until the happening of the specified event.