Title 26 — Internal Revenue CodeRelease 119-73

§317 Other Definitions

Title 26 › Subtitle Subtitle A— Income Taxes › Chapter 1— NORMAL TAXES AND SURTAXES › Subchapter C— Corporate Distributions and Adjustments › Part I— DISTRIBUTIONS BY CORPORATIONS › Subpart C— Definitions; Constructive Ownership of Stock › § 317

Last updated Apr 6, 2026|Official source

Summary

For corporate distribution rules, "property" means money, securities, and anything else of value, but not stock in the corporation making the distribution or rights to get that stock. A corporation "redeems" its stock when it buys the stock back from a shareholder in exchange for property, whether or not it then cancels, retires, or holds the stock.

Full Legal Text

Title 26, §317

Internal Revenue Code — Source: USLM XML via OLRC

(a)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)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.

Reference

Citations & Metadata

Citation

26 U.S.C. § 317

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73