G-type Reorganization
G-type Reorganization means:
a court-approved reorganization of a debtor corporation. A transaction will qualify as a tax-free G-type reorganization if:
1. a corporation transfers all or part of its assets to an acquiring corporation, 2. the transfer is made under a Chapter 11 bankruptcy case, and.
3. the stock or securities of the transferee corporation are distributed in a transaction that meets certain requirements under federal tax law.
Former IRC (check if this IRC provision is current here) §368(a)(l)(G).
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