Common use of Section 355 Clause in Contracts

Section 355. Neither the Company nor its Subsidiary has ever distributed the stock or another person, or had its stock distributed by another person, in a transaction that was intended to be governed in whole or in part by Section 355 of the Code.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (Union Street Acquisition Corp.), Membership Interest Purchase Agreement (Union Street Acquisition Corp.)

Section 355. Neither In the past five (5) years, neither the Company nor its any Subsidiary has ever distributed the stock or of another personPerson, or has had its stock distributed by another personPerson, in a transaction that was purported or intended to be governed in whole or in part by Section Sections 355 or 361 of the Code.

Appears in 2 contracts

Sources: Merger Agreement (CRAWFORD UNITED Corp), Merger Agreement (CRAWFORD UNITED Corp)