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Go Corporation's stock is owned as follows: Shareholder Number of Shares Bill Go 40 Mary Go, Bill's wife 10 Anne Go, Bill's sister 20 STOP
Go Corporation's stock is owned as follows: Shareholder Number of Shares Bill Go 40 Mary Go, Bill's wife 10 Anne Go, Bill's sister 20 STOP Corporation, 80% owned by Bill and Mary's son Peter 30 TOTAL 100 Pursuant to a single plan, Go Corporation redeems of Bill's shares and all 20 ofAnne's shares for cash. Answer each of the following: A. Will the distribution to Bill qualify as a redemption under Section 302? Explain your answer, citing authority. B. Will the distribution to Anne qualify as a redemption under Section 302? Explain your answer, citing authority
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