CFR > Title 26 > Chapter I > Subchapter A > Part 1 > definition
Current as of: 2024 | Check for updates
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Other versions
| § 1.346-1 | Partial liquidation |
| § 1.346-2 | Treatment of certain redemptions |
| § 1.346-3 | Effect of certain sales |
Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > definition
- 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
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1