Corporation. In 2020, Roma inherits stock in Trieste Corporation from her father. Roma has not violated the ten year (10) rule conceming Stock Redemptions under Section 302(b)(3). False Termination Of Shareholder s Interest) Redemption as to stock in Trieste True

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 13DQ
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In 2014, Roma carried out a successful Section 302(b)(3) (Complete Termination Of Shareholder's Interest) Redemption as to stock in Trieste
Corporation. In 2020, Roma inherits stock in Trieste Corporation from her father. Roma has not violated the ten year (10) rule conceming Stock
Redemptions under Section 302(b)(3).
False
True
Transcribed Image Text:In 2014, Roma carried out a successful Section 302(b)(3) (Complete Termination Of Shareholder's Interest) Redemption as to stock in Trieste Corporation. In 2020, Roma inherits stock in Trieste Corporation from her father. Roma has not violated the ten year (10) rule conceming Stock Redemptions under Section 302(b)(3). False True
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