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).