NoPo Corporation, a corporation controlled by the Ladd family, redeems all Bill's stock. For the redemption to be treated as a sale, which one of the following conditions must be met?

Select one:

a.Bill cannot be an officer of the corporation after the redemption.

b.Bill must have purchased the redeemed stock from a person whose stock ownership would be attributed to Buddy.

c.Bill cannot be a creditor of the corporation after the redemption.

d.Bill cannot acquire an interest, even by inheritance, for 10 years unless the bequest was made prior to the redemption.