Party to a Reorganization [Corporate Reorganization] Law and Legal Definition

According to 26 USCS § 368 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter C. Corporate Distributions And Adjustments; Part Iii. Corporate Organizations And Reorganizations; Subpart D. Special Rule; Definitions], a party to a reorganization includes--

“(1) a corporation resulting from a reorganization, and

(2) both corporations, in the case of a reorganization resulting from the acquisition by one corporation of stock or properties of another.”