The Sec 338 Deemed Sale Rules Require That 70% of the the Target

question 76

True/False

The Sec. 338 deemed sale rules require that 70% of the target corporation's stock be owned.

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Definitions:

Forced Labor

Forced labor is work that individuals are compelled to do against their will, under threat of punishment or other forms of coercion, often in exploitative conditions.

Performance Contingency

A situation or condition where the outcome or success of a process or task is dependent on certain factors or performances being met.

Availability

The state of being readily accessible or obtainable when needed.

Rewards Motivate

The principle that incentives or positive outcomes encourage individuals to perform certain behaviors.