S.245(2) generally would not apply where an individual ("X") owning 20% of the shares of Opco disposes of his shares of Opco to a newly-incorporated subsidiary of Opco for cash, provided that cash or near-cash does not constitute a significant portion of Opco assets, Opco continues to carry on its business, and Subco and Opco merge following this transaction.
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
313769
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
343891
Extra import data
{
"field_editor_tags": [],
"field_roundtable_subquestion": "13",
"field_stub": false,
"field_legacy_header": "2005 APFF Roundtable, Q. 13, No. 2005-014106"
}
"field_editor_tags": [],
"field_roundtable_subquestion": "13",
"field_stub": false,
"field_legacy_header": "2005 APFF Roundtable, Q. 13, No. 2005-014106"
}