§ 47-1811.03Title 47
Bases — Property dividends.
Where any property other than money is paid by a corporation as a dividend, the base to the recipient thereof shall be the market value of such property at the time of its distribution by such corporation.
Annotations
July 16, 1947, 61 Stat. 351, ch. 258, art. I, title XI, § 4 enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575 1973 Ed., § 47-1583c. 1981 Ed., § 47-1811.3.
Sourced from the DC Council Open Law Library (public domain).
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