In an ITA 86 exchange of shares in a reorganization, the transferor must transfer all of the shares of all classes that he owns in the transferee corporation.

Question

Quizplus · Accepted Answer

In an ITA 86 exchange, the transferor must transfer shares of a particular class of the capital stock of a corporation, not necessarily all of the shares of all classes that he owns in the transferee corporation.

In an ITA 86 Exchange of Shares in a Reorganization