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Treasury Regulations · 26 CFR Part 1

Effects on shareholders and security holders (§§ 1.354-1 to 1.358-7)

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with Title 26 on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

  1. § 1.354-1 Exchanges of stock and securities in certain reorganizations.
  2. § 1.355-0 Outline of sections.
  3. § 1.355-1 Distribution of stock and securities of a controlled corporation.
  4. § 1.355-2 Limitations.
  5. § 1.355-3 Active conduct of a trade or business.
  6. § 1.355-4 Non pro rata distributions, etc.
  7. § 1.355-5 Records to be kept and information to be filed.
  8. § 1.355-6 Recognition of gain on certain distributions of stock or securities in controlled corporation.
  9. § 1.355-7 Recognition of gain on certain distributions of stock or securities in connection with an acquisition.
  10. § 1.355-8 Definition of predecessor and successor and limitations on gain recognition under section 355(e) and section 355(f).
  11. § 1.356-1 Receipt of additional consideration in connection with an exchange.
  12. § 1.356-2 Receipt of additional consideration not in connection with an exchange.
  13. § 1.356-3 Rules for treatment of securities as “other property”.
  14. § 1.356-4 Exchanges for section 306 stock.
  15. § 1.356-5 Transactions involving gift or compensation.
  16. § 1.356-6 Rules for treatment of nonqualified preferred stock as other property.
  17. § 1.356-7 Rules for treatment of nonqualified preferred stock and other preferred stock received in certain transactions.
  18. § 1.357-1 Assumption of liability.
  19. § 1.357-2 Liabilities in excess of basis.
  20. § 1.358-1 Basis to distributees.
  21. § 1.358-2 Allocation of basis among nonrecognition property.
  22. § 1.358-3 Treatment of assumption of liabilities.
  23. § 1.358-4 Exceptions.
  24. § 1.358-5 Special rules for assumption of liabilities.
  25. § 1.358-6 Stock basis in certain triangular reorganizations.
  26. § 1.358-7 Transfers by partners and partnerships to corporations.