...subsection (d), be considered as gain from the sale or exchange of property which is not a capital asset. (b) Definitions— (1) Collapsible corporation. For...production of property, for the purchase of property which (1n the hands of the corporation) is property described in paragraph (3) , or for the holding of stock...

...formed or availed of principally (i) for the manufacture, construction, or production of property, (ii) for the purchase of property which (in the hands of the corporation) is property described in section 341(b)(3), or (iii) for the holding of stock in a corporation so formed or availed of, with...

...formed or availed of principally (i) for the manufacture, construction, or production of property, (ii) for the purchase of property which (in the hands of the corporation) is property described in section 341(b)(3), or (iii) for the holding of stock in a corporation so formed or availed of, with...

...not a capital asset. Section 341 (b) (1) of the Code defines a collapsible corporation as follows : (1) COLLAPSIBLE CORPORATION. — For purposes of this...manufacture, construction, or production of property, « • » with a view to — (A) the sale or exchange of stock by its shareholders (whether in liquidation...

...capital asset. Sec. 117. (m) (2) Defini« Sec. 117. (m) (2) (A) For the purposes of this subsection, the term "collapsible corporation" means a corporation...manufacture, construction, or production of property, or for the holding of stock in a corporation so formed or availed of, with a view to — (i) the sale...

...that normally would be taxed as ordinary income. A "collapsible" corporation was formerly defined as a corporation formed or availed of principally for...manufacture, construction or production of property with a view to the sale or exchange of its stock by its shareholders, or the distribution to them of...

...section 20 of the Technical Amendments Act of 1958. In existing law a collapsible corporation is one formed or availed of principally for the manufacture, construction or production of property, or the purchase of certain property, with a view to the sale or exchange of the stock by the shareholders...

...capital gain. In the main, a collapsible corporation is defined in the present law as one which is formed or availed of principally for the manufacture, construction or production of property or for the purchase of certain property with a view to the sale of the stock or a liquidation of the...

...period. « SEC. 341. COLLAPSIBLE CORPORATIONS. (b) DEFINITIONS. — (1) COLLAPSIBLE COBPOHATION. — For purposes of this section, the term "collapsible...property, for the purchase of property which (In the bands of the corporation) Is property described In paragraph (3), or for the holding of stock In a...

...stock •SEC. 341. COLLAPSIBLE CORPORATIONS, (b) DEFINITIONS. — (1) COLLAPSIBLE CORPOBATIOK. — For purposes of this section, the term "collapsible...of property, for the purchase of property which (In tbf handa of the corporation) Is property described In paragraph (3), or for the holding of stock In...