CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Changes To Effectuate F.C.C. Policy
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Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Changes To Effectuate F.C.C. Policy
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1