26 U.S.C. § 317
Section 317 · Other definitions
Viewing 26 U.S.C. § 317 as in effect on August 16, 1954.
View current version →(a) Property
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).
(b) Redemption of 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.