recently purchased stock

(6) Definitions of recently purchased stock and nonrecently purchased stock For purposes of this subsection— (A) Recently purchased stock The term “recently purchased stock” means any stock in the target corporation which is held by the purchasing corporation on the acquisition date and which was purchased by such corporation during the 12-month acquisition period. (B) Nonrecently purchased stock The term “nonrecently purchased stock” means any stock in the target corporation which is held by the purchasing corporation on the acquisition date and which is not recently purchased stock.

Source

26 USC § 338(b)(6)


Scoping language

None identified. Default scope is assumed to be the entire title.
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