Page:United States Statutes at Large Volume 44 Part 2.djvu/54

 14 ,£IKTY$¤NI;NTIIiCONGRESSto Sees. ·I. Gm'27. ( 1928., "'”f““*·"'· l the.re¤rgeni¤¤tion,l;sknll-mtsebe eonsiderede éistribution of earnings oreprofitstwithimt etrneeningof iubdiwinon t b) of section 2{Hior ( ` ‘  of tietemnning the texebility onsu nent distributions Hmmm . ¤0 ,:,,;&.; ¢a’:,z,¤»y¤=»=»i o   teiw nb-, C,,,mm,:;i:;,m_ hgh)     seetionimdseeotions 201ruzgl,2Q4—~»-»: o ¤*¤¤¤¤¤·  fz li {Elie   Wreorgsniepdoni ?’ menus (A) in merg,ie1€oor»consolide» t1ong—(ene¥¤d.!i1g/ the  dne¤corporqtion»,of tatvleeet e ?;i.n’“‘§’2i°¤nml`“‘“S}%“$?n“m°‘“E;“;Z‘ZE§2?Zmj°“‘! Z$ “€$t‘§’§‘;*, ' l a 4 ri, ‘· V I' FP I orisubetsntiellysielliitboo   o£·nnottie¤{ce;:pomet.ion),¤or (B) ·o.~tr&¤sfe¤?by>yoo¤poraIzxo11» of»e1Lor eport ofrits assets to another eorporition. iftimmediateky gbftexheftgbmfer the~trnnsfeu¢§·£c<;1rti1tz st ersrmv *nre»»in.t nt` o 2 corporation totw, i` e assets are _traneferz·ed, or (CL e "recepitelizntion, or ,(D)s· e mere Gummmmdum in identity, feranonp oetoforgemzetion, howeveraeifected.  no • nu} . ·~(2)»   iterméf neperty te e neorgnmzntwn Z? mcludes;a·wrporet1on  resulting frontnrreoréanizstion and inclndes eboth~corporutions_j11 0 ;W0 g;   »a ~8»EiI1&}0¥1y0 B HD1 Y0 shtreeoiialkothen classes ofestock on ‘anothem:orporetion»°. E H ll » ,,,?,{,°3K§';{E,;_??“’**' (l) As used in this section the term ‘f control " means the ownership ( ( e · ‘ L _ cient least»80§ pen·oentumxofs»the voting stock end:et1east,80»per ` e §` mutex oithe; total; number ofslmrese of ell other clawee of stock of   Tfh ·ri?_;;’_,_; V l» I ·* ,4j*,      ,,,§°‘°'”“'“°*_ Pm °'  U     renin on ness,-lnnrxnrron,-lnnnlnnrxnmnlt ( rxozc <>¤ M —··¤·=· ·>¤  s»éK2e;.,”4s5;,ri~h¤·i§¤;s;;mateianamg inskniu ei iéegkmm the ?igL¤¤?'g§rri-rl sale or other disposition of property acquired, nite: February 28, ‘?1,.,;,,$.;.,_ ~ ‘ J,913,~¤hn11,be,theeoseo£ sueh;p§operty;·ex~cept_»thet¢·<·,e;,_ —,  W. _ ;»»(1*) ,IiE the ;p¤pperti,»dmu» qhewee been u1olude¥$h%¤¢0f». Jftthe Commisslonerifinds it imaposeible to obtain such dm"' 1  tile     the fair     ue of such prbczpgrtgb ee, mm e I et _B$l';&8 0 e et e or proxuns e set  nxordingttotthe best jnfo1·1netion,,thnt—,1‘:}ri)e Commissioner is able   obtain, such property was acquired by such donor or lest qf,‘§,“,,,*g§°§;',f§m,§,?‘, ,»;e(3)»I the     after December31, 1920, by e umn.   my tr,ust·(o when y s~,—t e,trensfe1— 111 trust   or ( · dQYl@)·th8 besxsrehell be.the»eeme;es;xt would be in the ends of the t` grantor,   inthe amount of gain or deeremecl in the amount of lose   to the grantor upon such uansfer under the law mgm •°¤¤“***°¤¤ applicable, toe the year H1 which the transfer, [wee;   The ' provisions ofth1stperagra.ph shellnotpapplg  the; ‘ mation of y sueh property 1Dli0?6StS·88,&T&8p901liBd in _ ivinonjg or (e) of “"°‘;g{_·¤ mi W- sec!:iont402e of the Revenue Ant of 1921, erm snbd1ns1on¤(c) or (f) PEL:. pd.v¤.·n. of (section 3(32 of the Revenue Aotof 1924, or m subdiyxsion (c) or ummm t(f%4¢;f¢i¤}¤&>¤39‘$0f;tthi¤A¢¢$  » is t   if ` Lee g ‘ _ ep ywaseoqnu ;ygio1·tx·ense:.·m rusten "'““"‘”“ or before Deceliiigr 31, 1920, the basisnshellélbe me tear market e velue_ ofysnch property et the time of such acquisition; »» » ,,}_?°“'°*'· "°"’”· (5) Ifthe property vqns acquired by beguest, devise, orinherieanoe, the basis be the fair market value 0 such property et the time
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