Examlex
In 2007,Floyd carried out a successful complete termination redemption of his stock in Gray Corporation.Floyd was able to qualify the transaction as a complete termination redemption only by use of the family attribution waiver.In 2010,Floyd receives stock in Gray Corporation as a gift from his father.Floyd has acquired a prohibited interest within the 10-year postredemption period and,as a result,the 2007 redemption no longer qualifies as a complete termination redemption.
Damages
Monetary compensation awarded by a court to the plaintiff for losses or injuries suffered due to the defendant's actions.
Registered
The status of being officially recorded and recognized, often referring to documents, organizations, or trademarks.
Gift Causa Mortis
is a gift made by a person who anticipates imminent death, which becomes fully effective only if the donor dies of the anticipated condition.
Irrevocable Gift
A permanent transfer of assets or property from one party to another, which cannot be undone or taken back by the donor.
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