Examples of Company Membership Interests in a sentence
The securities being offered are:[ ][ ][ ][ ][ ]Common StockPreferred or Preference Stock Notes, Debentures, or BondsLimited Liability Company Membership Interests Units of two or more types of securities, composed of:[ ]Other (specify):If the company is offering more than one type of security or the security has unusual features that make it hard to classify, you cannot simply use the name the company has chosen for the security but must look behind that name to see how the security will function.
Company Members will not retain any rights in Company Membership Interests transferred to Company in the deemed exchange for shares of Company Stock.
Also, the taxpayer requested that the creation of the mutual holding company structure be treated as (i) the transfer of Company Stock by Company Members to Mutual Holding Company in exchange for Mutual Holding Company Membership Interests; and (ii) the transfer of Company Stock by Mutual Holding Company to Stock Holding in exchange for stock in Stock Holding.
The holding period of Company Stock received in exchange for Company Membership Interests will include the period the holder thereof held such Company Membership Interests (section 1223(1)).
The Conversion from a mutual life insurance company to a stock life insurance company and exchange of Company Membership Interests for Company Stock will be a reorganization within the meaning of section 368(a)(1)(E) of the Code.