In an ITA 85.1 share-for-share exchange, the vendor must not receive any non-share consideration.

Name: In an ITA 85.1 share-for-share exchange, the vendor must not receive any non-share consideration.
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Quizplus · Accepted Answer

In an ITA 85.1 share-for-share exchange, the vendor can only receive shares as consideration and must not receive any non-share consideration such as cash, promissory notes, or other property.