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nordsb [41]
2 years ago
8

The control requirement under § 351 requires that the person or persons transferring property to the corporation immediately aft

er the transfer own stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes of stock of the corporation.
True/False
Law
1 answer:
Nina [5.8K]2 years ago
4 0

Answer:

correct statement is true

Explanation:

  • The basis of assets received by the corporation as capital contribution from the shareholder is equal to the basis of assets held by the shareholders. The basis of assets transferred to a corporation through a non-governmental folder as a contribution to capital is zero.
  • In order for the transaction to be unstable under  § 351, property transferors must be in control of the corporation immediately after the exchange. Regulation means that the person or persons transferring the property must own at least 80 percent of the stock. More specifically, transfer-shareholders have the right to own at least 80 percent of the total combined voting power of all classes of stock and at least 80 percent of the total number of shares of all other classes.
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Read 2 more answers
List down 20 human rights<br>​
Crank

Answer:

Here are 30 Human Rights

Explanation:

Article 1: Right to Equality

Article 2: Freedom from Discrimination

Article 3: Right to Life, Liberty, Personal Security

Article 4: Freedom from Slavery

Article 5: Freedom from Torture and Degrading Treatment

Article 6: Right to Recognition as a Person before the Law

Article 7: Right to Equality before the Law

Article 8: Right to Remedy by Competent Tribunal

Article 9: Freedom from Arbitrary Arrest and Exile

Article 10: Right to Fair Public Hearing

Article 11: Right to be Considered Innocent until Proven Guilty

Article 12: Freedom from Interference with Privacy, Family, Home and Correspondence

Article 13: Right to Free Movement in and out of the Country

Article 14: Right to Asylum in other Countries from Persecution

Article 15: Right to a Nationality and the Freedom to Change It

Article 16: Right to Marriage and Family

Article 17: Right to Own Property

Article 18: Freedom of Belief and Religion

Article 19: Freedom of Opinion and Information

Article 20: Right of Peaceful Assembly and Association

Article 21: Right to Participate in Government and in Free Elections

Article 22: Right to Social Security

Article 23: Right to Desirable Work and to Join Trade Unions

Article 24: Right to Rest and Leisure

Article 25: Right to Adequate Living Standard

Article 26: Right to Education

Article 27: Right to Participate in the Cultural Life of Community

Article 28: Right to a Social Order that Articulates this Document

Article 29: Community Duties Essential to Free and Full Development

Article 30: Freedom from State or Personal Interference in the above Rights

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Answer:

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