1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nordsb [41]
3 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]3 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.
You might be interested in
Procedural law is also known as adjective law or formal law why ?​
Kipish [7]

Answer:

procedural law is also known as adjective law or formal law because  the law governing the machinery of the courts and the methods by which both the state and the individual (the latter including groups, whether incorporated or not) enforce their rights in the several courts.

5 0
2 years ago
Some states hold a(n)_____ in which a group of people get together and discuss who they would like to choose to represent their
Assoli18 [71]

Answer:

general election ..............

6 0
3 years ago
Why should you stay out of the no-zone of a large truck?
Archy [21]

Answer:

You should do this because trucks are heavier and more difficult to maneuver than a regular vehicle, thus you must take extra caution when driving near them to prevent serious injuries or sometimes death.

Explanation:

4 0
3 years ago
Read 2 more answers
These federal taxes have been the only one steadily increasing for the past 30 years
Andru [333]
Payroll (a) but not 1000% sure
7 0
3 years ago
What if judges were required to incarcerate every defendant found guilty? In what ways would the criminal justice system change
USPshnik [31]

Answer:

It would cause jails to be more packed. It would endanger corrections officers lives even more. It would have taxes raised. And could make it harder for someone whose been incarcerated for being guilty of a minor offense(such as speeding 10 over the speed limit) to keep/get a job.

Explanation:

In total it cost 5.8 Billion in tax payer money to keep prisons/jails running. An order to accommodate the mass amount of inmates that would be added to these facilities, taxes would be risen to pay for food, and necessities. Along with taxes being risen, incarceration rates would go up, and C.Os would be in more danger while trying to do basic things, such as; check up on the inmates. A C.O could be cornered by multiple inmates while trying to do a welfare check etc. And having an incarceration on your record could prevent you from having a social life, a job, a place to live.

7 0
3 years ago
Other questions:
  • contracts for the sale of fabric, automobiles, computers, furniture, and paper clips would all be governed by Article 2 of the U
    6·1 answer
  • a fourteen year old boy begins dating a female who is twenty and the two begin sexual relationship.... Has a crime been committe
    14·2 answers
  • MSNBC responded to Fox's ratings success by a. recasting themselves as the liberal alternative to Fox. b. attempting to lure aud
    6·1 answer
  • Why are wealthy people essential in the economy?
    13·2 answers
  • The W-2 form is a form that tells you _______.
    8·1 answer
  • Jane and Leah want to start a glee club at their junior high. They have outlined a list of songs that they could sing and recrui
    7·2 answers
  • Which phrase best completes the diagram ( brown v. Board of education) ( Hernandez v. Texas) HELP
    13·1 answer
  • The Court of Justice acts as:_____.
    15·1 answer
  • Please answer quickly if you can:)
    7·1 answer
  • Joshua is at rank E2 in the Marine Corps. Which of the given statements is true for him? A. He belongs to a junior enlisted rank
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!