SECTION 7. CORPORATE — Internal Revenue Bulletin 2001-47

	Statute or Regulation	Act Postponed
1.	Sec. 302(e)(1)	A corporation must complete a distribution in pursuance of a plan of partial liquidation of a corporation within the specified period.
2.	Sec. 303 and Treas. Reg. § 1.303-2	A corporation must complete the distribution of property to a shareholder in redemption of all or part of the stock of the corporation which (for Federal estate tax purposes) is included in determining the estate of a decedent. Section 303 and Treas. Reg. § 1.303-2 require, among other things, that the distribution occur within the specified period.
3.	Sec. 304(b)(3)(C)	If certain requirements are met, section 304(a) does not apply to a transaction involving the formation of a bank holding company. One requirement is that within a specified period (generally 2 years) after control of a bank is acquired, stock constituting control of the bank is transferred to a bank holding company in connection with the bank holding company’s formation.
4.	Sec. 332(b) and Treas. Reg. §§ 1.332- 3 and 1.332-4	A corporation must completely liquidate a corporate subsidiary within the specified period.
5.	Sec. 338(d)(3) and (h), and Treas. Reg. § 1.338–2	An acquiring corporation must complete a “qualified stock purchase” of a target corpora- tion’s stock within the specified acquisition period.
6.	Sec. 338(g) and Treas. Reg. § 1.338-2	An acquiring corporation may elect to treat certain stock purchases as asset acquisitions. The election must be made within the specified period.
7.	Sec. 338(h)(10) and Treas. Reg. § 338(h)(10)- 1(c)	An acquiring corporation and selling group of corporations may elect to treat certain stock purchases as asset purchases, and to avoid gain or loss upon the stock sale. The election must be made within the specified period.
8.	Sec. 341 and Treas. Reg. § 1.341-7	A shareholder of a collapsible corporation must sell its stock in the corporation within the specified period.

�� �� ��