26 USC § 317 - Other definitions

---
identifier: "/us/usc/t26/s317"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 317 - Other definitions"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "317"
section_name: "Other definitions"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "C"
subchapter_name: "Corporate Distributions and Adjustments"
part_number: "I"
part_name: "DISTRIBUTIONS BY CORPORATIONS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 99.)"
---


# § 317. Other definitions

**(a)** **Property** For purposes of this part, the term “property” means money, securities, and any other property; except that such term does not include stock in the corporation making the distribution (or rights to acquire such stock).

**(b)** **Redemption of stock** For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.

---

**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 99.)