Current through Register Vol. 42, No. 10, July 31, 2024
Section 810-3-8-.09 - Complete Liquidation Of Subsidiaries(1) For transactions occurring after December 31, 1984, no gain or loss shall be recognized on the receipt by a corporation of property distributed in complete liquidation of another corporation as described in 26 U.S.C. § 332. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 810-3-1.1 -.01, Operating Rules.(2) See Reg. 810-3-6-.02 for determining the basis of property received by a corporation in a distribution under this rule. Authors: Verlon R. Frost, Jeff Taylor
Ala. Admin. Code r. 810-3-8-.09
Filed July 27, 1988. Amended: Filed March 4, 1997; effective April 8, 1997. Amended: Filed April 28, 1999; effective June 2, 1999.Statutory Authority:Code of Ala. 1975, §§ 40-18-8, 40-18-57.