Under what circumstances is the distribution of a controlled corporations stock or securities nontaxable to the distributing

Question:

Under what circumstances is the of a controlled corporation’s stock or securities nontaxable to the distributing corporation’s shareholders? What events trigger the recognition of gain or loss by the shareholders? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...