Redemption

Redemption means:
the acquisition by a corporation of its own stock in exchange for property, without regard to whether the redeemed stock is canceled, retired, or held as treasury stock. A redemption may be treated as an exchange of the stock for part or full payment (i.e., capital gain or loss), or it may be treated as a dividend. Exchange redemptions are described in Former IRC (check if this IRC provision is current here) §302 and §303.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.