Page:United States Statutes at Large Volume 53 Part 1.djvu/115

 INCOME TAX 103 (3) Securities issued or guaranteed as to principal or interest by a government or subdivision thereof (including those issued by a corporation which is an instrumentality of a government or subdivision thereof); (4) Stock or securities which were acquired after February 28, 1938, unless such stock or securities (other than obligations de- scribed as nonexempt property in paragraph (2) or (3)) were acquired in obedience to an order of the Securities and Exchange Commission; (5) Money, and the right to receive money not evidenced by a security other than an obligation described as nonexempt property in paragraph (2) or (3). (f) The term "stock or securities" means shares of stock in any corporation, certificates of stock or interest in any corporation, notes, bonds, debentures, and evidences of indebtedness (including any evidence of an interest in or right to subscribe to or purchase any of the foregoing).

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