26 U.S.C. § 1036 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 1036. Stock for stock of same corporation

(a) General rule.--No gain or loss shall be recognized if common stock in a corporation is exchanged solely for common stock in the same corporation, or if preferred stock in a corporation is exchanged solely for preferred stock in the same corporation.

(b) Nonqualified preferred stock not treated as stock.--For purposes of this section, nonqualified preferred stock (as defined in section 351(g)(2)) shall be treated as property other than stock.

(c) Cross references.--