46 U.S.C. § 53513 — Corporate reorganizations and partnership changes

FEDERAL · 46 U.S.C. · Chapter 535

Corporate reorganizations and partnership changes

Current through Pub. L. 119-102

Title 46 — Shipping·Ch. 535 — CAPITAL CONSTRUCTION FUNDS

Under joint regulations—

(1)a transfer of a capital construction fund from one person to another person in a transaction to which section 381 of the Internal Revenue Code of 1986 (26 U.S.C. 381) applies may be treated as if the transaction is not a nonqualified withdrawal; and

(2)a similar rule shall be applied to a continuation of a partnership (within the meaning of subchapter K of chapter 1 of such Code (26 U.S.C. 701 et seq.)).

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Under joint regulations—
(1) a transfer of a capital construction fund from one person to another person in a transaction to which section 381 of the Internal Revenue Code of 1986 (26 U.S.C. 381) applies may be treated as if the transaction is not a nonqualified withdrawal; and
(2) a similar rule shall be applied to a continuation of a partnership (within the meaning of subchapter K of chapter 1 of such Code (26 U.S.C. 701 et seq.)).

46 U.S.C. § 53513 (Corporate reorganizations and partnership changes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1599.)

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History