A secret process and patentable invention both constitute "property" for purposes of § 351.

Name: A secret process and patentable invention both constitute "property" for purposes of § 351.
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Quizplus · Accepted Answer

Both a secret process and a patentable invention are considered forms of intellectual property, and are recognized as property under Section 351 of US tax law governing the transfer of property to a corporation in exchange for stock.

A Secret Process and Patentable Invention Both Constitute "Property" for Purposes