§ 305(e)(3)

treated as purchasing stripped preferred stock

UNDECIDED

0 of 2 settled

  1. 1

    § 305(e)(3)

    ALL OF
    “any person strips the rights to 1 or more dividends from any stock described in paragraph (5)(B)” needs Step 2 Stock is described UNDECIDED
    “after April 30, 1993, disposes of such dividend rights”
  2. 2

    § 305(e)(5)(B)

    Stock is described

    ALL OF

    Stock is described in this subsection if such stock—

    “is limited and preferred as to dividends and does not participate in corporate growth to any significant extent, and” § 305(e)(5)(B)(i)
    “has a fixed redemption price.” § 305(e)(5)(B)(ii)