Current through Pub. L. 119-100Open in workspace

§ 317 Other definitions

(a) Property

For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).

(b) Redemption of stock

For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.

(Aug. 16, 1954, ch. 736, 68A Stat. 99.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 317

Source: decipher.legal/usc/26/317 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)