Question: In order for the Sec. 3 5 1 nonrecognition rules to apply, the transferor - shareholders in aggregate must control the transferee corporation by owning

In order for the Sec. 351 nonrecognition rules to apply, the transferor - shareholders in aggregate must control the transferee corporation by owning more than 50% of its stock immediately aft exchange.
True
False
In order for the Sec. 3 5 1 nonrecognition rules

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