In a Reorganization, the Original Corporation Must Receive at Least

question 121

Short Answer

In a reorganization, the original corporation must receive at least 80% percent of new corporations' stock. The assets transferred to the new corporations must have been owned and conducted as a trade or business for at least years.

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Definitions:

Civil Disputes

Conflicts between individuals or organizations that are resolved in civil courts, as opposed to criminal matters.

Battery Case

A legal dispute or instance involving the unconsented physical contact or harm to another person.

Question Of Fact

An issue to be decided by the jury in a trial concerning the reality of events or the existence of conditions.

Court

A governmental institution authorized to decide legal disputes, administer justice, and interpret laws.