[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: 26CFR1.346-3]

[Page 180]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.346-3  Effect of certain sales.

    The determination of whether assets sold in connection with a 
partial liquidation are sold by the distributing corporation or by the 
shareholder is a question of fact to be determined under the facts and 
circumstances of each case.

               Corporate Organizations and Reorganizations

                         corporate organizations