Section, acts [Aug. 16, 1954, ch. 736], [68A Stat. 103]; Feb. 26, 1964, [Pub. L. 88–272, title II, § 225(g)], [78 Stat. 89]; Oct. 4, 1976, [Pub. L. 94–455, title XIX], §§ 1901(a)(44), 1906(b)(13)(A), 1951(b)(6)(A), [90 Stat. 1772], 1834, 1838, related to election as to recognition of gain in certain liquidations.
Effective Date of Repeal
Repeal applicable to any distribution in complete liquidation, and any sale or exchange, made by a corporation after July 31, 1986, unless such corporation is completely liquidated before Jan. 1, 1987, any transaction described in [section 338 of this title] for which the acquisition date occurs after Dec. 31, 1986, and any distribution, not in complete liquidation, made after Dec. 31, 1986, with exceptions and special and transitional rules, see [section 633 of Pub. L. 99–514], set out as an Effective Date note under [section 336 of this title].
