new capital
Defined in 1 place of the United States Code.
New capital.—The term "new capital" means any amount received by the real estate investment trust—
(I) in exchange for stock (or certificates of beneficial interests) in such trust (other than amounts received pursuant to a dividend reinvestment plan), or
(II) in a public offering of debt obligations of such trust which have maturities of at least 5 years.
Source
- 1994–202526 U.S.C. § 856Internal Revenue Code · Definition of real estate investment trust · for purposes of this part
The term “new capital” means any amount received by the real estate investment trust—
(I) in exchange for stock (or certificates of beneficial interests) in such trust (other than amounts received pursuant to a dividend reinvestment plan), or
(II) in a public offering of debt obligations of such trust which have maturities of at least 5 years.
Source
- 2013–present26 U.S.C. § 856Internal Revenue Code · Definition of real estate investment trust · for purposes of this part