other property
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 302 U.S. 82 - Groman v. Commissioner · 1937Most cited · 186 citing opinions
property other than stock or securities of the reorganized corporations
United States Code
26 U.S.C. § 356 — for purposes of this section
Except as provided in paragraph (2), the term “other property” includes securities.
26 U.S.C. § 356 — for purposes of this section (5 versions over time)
If, in an exchange or distribution described in section 355, the principal amount of the securities in the controlled corporation which are received exceeds the principal amount of the securities in the distributing corporation which are surrendered, then, with respect to such securities received, the term “other property” means only the fair market value of such excess.
26 U.S.C. § 356 — for purposes of this section (4 versions over time)
Except as provided in paragraph (2), the term “other property” includes nonqualified preferred stock (as defined in section 351(g)(2)).