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Section 802.30 cannot apply when there are two UPEs (50-50) on the acquired side. The B-B transaction is intra person but the B-A is not. However, the C-3 exemption does apply go to the statute and...
called 3-10-89 and conveyed the information below. It was determined that this trust is a revocable trust. The focus on this issue is who controls the trust not who the beneficiaries are. Since this...
Per Staff Meeting 3-30-89 this is not an 801.40 deal. This is a reportable transaction. You must go by Financial statements. If a restated income statement is generated prior to consummation, you may...
Answer resolved at staff meeting 3-30-89. The $10.0 mm prepayment of debt is not consideration going to the acquired person. Section 801.11(e) does not carveout pre-payment of debt to other parties...