810-3-8-.13 Recognition of Gain by Target Corporations. If an acquiring corporation makes a valid election under 26 U.S.C.§ 338, the amount of gain recognized by the target corporation shall be determined in accordance with 26 U.S.C.§ 338. For interpretation of federal statutes adopted by the Alabama Legislature see Rule 810-3-1.1-.01, Operating Rules.

Author:    Verlon R. Frost, Jeff Taylor
Authority: Section 40-18-8, Code of Alabama 1975
History:    Effective December 4, 1992. Amended: Filed March 4, 1997, effective April 8, 1997. Amended: Filed April 28, 1999, effective June 2, 1999.