(a) Nonrecognition of gain or loss No gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury stock) of such corporation. No gain or loss shall be recognized by a corporation with respect to any lapse or acquisition of an option, or with respect to a securities futures contract (as defined in section 1234B), to buy or sell its stock (including treasury stock).
(b) Basis For basis of property acquired by a corporation in certain exchanges for its stock, see section 362.
Cited in 4 Tax Court opinions, 0 orders, and 1 brief.
Current through Pub. L. 119-102 (2026-07-12).
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