...the exchange of X stock for Y stock. Section 368(a) (1) (B) of the Code defines as a reorganization the acquisition by one corporation, in exchange solely...its voting stock (or in exchange solely for all or part of the voting stock of a corporation that is in control of the acquiring corporation), of stock...

...of such other corporation. Section 368(a)(l) (C) of the Code provides in part that a reorganization is the acquisition by one corporation, in exchange solely for all or a part of its voting stock, of substantially all of the properties of another corporation, but in determining whether the exchange...

...engage in any business. The shareholders desired to keep X in existence solely to hold the stock of Y. The acquisition by one corporation, in exchange solely for all or a part of its voting stock, of substantially all of the properties of another corporation is a reorganization as denned in section...

...• • — "(1) The term 'reorganization' means (A) a statutory merger or consolidation, or (B) toe acquisition by one corporation, In exchange solely for all or a part of Its voting stock, of at least 80 per centum of the voting stock and at least 80 per centum of the total number of shares...

...consolidation; (B) The acquisition by one corporation, la exchange solely for all or a part of Its voting stock, of stock of another corporation If, Immediately after...acquiring corporation had control immediately before t ho acquisition); (C) The acquisition by one corporation. In exchange solely for all or a part of...

...acquisition); (C) The acquisition by one corporation. In exchange solely for all or a part of its voting Gtock (or in exchange solely for all or a part of the voting...which Is In control of the acquiring corporation) , of eubstantlally all of the properties of another corporation, but in determining whether the «xchange...

...statutory merger or consolidation; SEC. 368— Continued (a)(l)(B) (amended 1964)— Continued "(or on exchange solely for all or a part of the voting stock...which is in control of the acquiring corporation)". Applicability: Transactions after December 31, 1963, in taxable years ending after such date. (Id.,...

...part of Its voting stock, of stock of another corporation If, Immediately after the acquisition, tflf acquiring corporation has control of such other corporation...corporation had control Immediately before the acquisition) ; (C) the acquisition by one corporation. In exchange solely for all or a part of Iti voting stock...

...II and this part, the term 'reorganization' means — "(A) a statutory merger or consolidation; "(B) the acquisition by one corporation, in exchange solely for all or a part of its voting stock, of stock of another corporation if, immediately after the acquisition, the acquiring corporation has...

...corporation (whether or not such acquiring corporation had control Immediately before the acquisition); (C) The acquisition by one corporation, In exchange solely...its voting stock (or In exchange solely for all or a pan of the voting stock of a corporation which Is In control of the acquiring corporation) , of substantially...