Liquidations and Reincorporations—Before and After Davant

Authors

Roland L. Hjorth, University of Washington School of Law

Abstract

Liquidations and reincorporations have been utilized in attempts to bail out corporate earnings and profits at capital gains rates. The success of these attempts has been limited by judicial extension of the corporate reorganization sections of the Internal Revenue Code. Professor Hjorth suggests that specific Congressional amendment of section 331 to encompass the liquidation reincorporation problem is preferable to extension of the reorganization provisions which occurred in the recent case of Davant v. Commissioner.

First Page

737

Recommended Citation

Roland L. Hjorth, Liquidations and Reincorporations—Before and After Davant, 42 Wash. L. Rev. 737 (1967).
Available at: https://digitalcommons.law.uw.edu/wlr/vol42/iss3/21