26 U.S.C. § 317
Section 317 · Other definitions
Amended 1 time on record
Applied in 22 court decisions — leading case Shephard v. Commissioner of Internal Revenue (1965)
Most recently applied in Oracle Corp. and Subsidiaries II v. Dept. of Rev. (October 2021)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).
For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Cross References
Dispositions other than redemptions, see section 306 of this title.
Distributions of property, see section 301 of this title.
Redemptions treated as distributions of property, see section 302 of this title.