Mississippi corporation's assets, but retained the physical shares. The new Louisiana company's stock was distributed to the shareholders of the old corporations and the latter were dissolved. Whether or not there was a consolidation under Louisiana law, there was a "C" reorganization. The old corporation transferred substantially all its assets. W.H. George, 26 TC 396, Dec. 21,762 (Acq.). c. 1939 Code Sec. 112(g)(1)(C)—similar to 1954 Code Sec. 368(a)(1)(C)] d. Rev. Rul. 78-47, 1978-1 CB 113…
Words 3590 - Pages 15