Control as It Relates to a Section 351 Transaction Is

question 63

True/False

Control as it relates to a section 351 transaction is strictly defined to be 80 percent or more of the voting power of the stock of the corporation to which property is transferred.

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Definitions:

Cervical Cancer

A type of cancer that occurs in the cells of the cervix — the lower part of the uterus that connects to the vagina.

Embryonic

Relating to an embryo, the earliest stage of growth and development in many organisms.

Cleavage

The rapid rate of mitosis of a zygote immediately following fertilization.

Neonatal

Refers to the first four weeks after birth, a period that is critical for the child's survival and health.