16+ Section 331 Liquidation Gif. As will be seen subsequently, however. Is only allowed when the definition of a dividend as set forth in section.
Meaning of liquidating as a finance term. It is intended that this plan shall be a plan of complete liquidation of the company in accordance with the terms of sections 331 and 336 of the. Section 331 of the internal revenue code states that amounts received by a shareholder in a distribution in complete liquidation of a cor╜poration shall be treated as in full payment in exchange.
As will be seen subsequently, however.
(4) a liquidator appointed under this section may apply to the court to set or review that liquidator's remuneration if. Transitional provision in relation to liquidation surplus account under section 290 of companies act 1955. Section 301 (relating to effects on shareholder of distributions of property) shall not apply to any distribution of property (other than a distribution referred to in paragraph (2)(b) of section 316(b). Distributions of property in complete liquidations: