# 26 U.S.C. § 317: Other definitions

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s317>. Cite pinpoints as 26 U.S.C. § 317(a)(1).

## § 317(a) Property

For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).

## § 317(b) Redemption of stock

For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.

## Regulations

- [Treas. Reg. § 1.317-1](/26/reg/1.317-1.md): Property defined. (interprets § 317)

## Leading cases

- [Maher v. Commissioner, 55 T.C. 441 (1970)](https://www.courtlistener.com/opinion/4703044/maher-v-commissioner/)
- [H.J. Heinz Co. v. United States, 76 Fed. Cl. 570 (Fed. Cl. 2007)](https://www.courtlistener.com/opinion/6773229/hj-heinz-co-subsidiaries-v-united-states/)

## Connections

Cites: none

Cited by: § 301 Distributions of property; § 302 Distributions in redemption of stock; § 306 Dispositions of certain stock; § 593 Reserves for losses on loans; § 4501 Repurchase of corporate stock

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 99