[Code of Federal Regulations]
[Title 26, Volume 4]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.332-5]

[Page 71]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.332-5  Distributions in liquidation as affecting minority interests.

    Upon the liquidation of a corporation in pursuance of a plan of 
complete liquidation, the gain or loss of minority shareholders shall be 
determined without regard to section 332, since it does not apply to 
that part of distributions in liquidation received by minority 
shareholders.