New York Statutes
§ 16 — Exchange of property when no gain or loss is realized
New York § 16
JurisdictionNew York
Law GCMGeneral City Model 772/66
Part 3Financial Corporation Tax
Subpart 1Tax On State Banks, Trust Companies, Financial Corporations and Savings and Loan Associations
This text of New York § 16 (Exchange of property when no gain or loss is realized) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. General City Model 772/66 § 16 (2026).
Text
§ 16. Exchange of property when no gain or loss is realized. When\nproperty is exchanged for other property and no gain or loss is realized\nunder the provisions of the preceding section, the property received\nshall be treated as taking the place of the property exchanged therefor.\nWhere no gain or loss is realized under the provisions of subdivision\neleven of the preceding section, the basis of the property received\nshall be the same as it would be in the hands of the transferror\ndetermined in accordance with the provisions of section fourteen of this\npart.\n
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Bluebook (online)
New York § 16, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GCM/16.