Several conditions are required in order that the provisions of ITA 86 (Exchange Of Shares In A Reorganization) apply. Which one of the following conditions is NOT required?

		All of the outstanding shares of the particular class must be exchanged.
		The transferor of the original shares must receive shares of the new corporation as consideration for his shares.
		The new shares that will be issued must be authorized by the corporations articles of incorporation (currently, or through an amendment prior to the reorganization).
		The original shares must be held by the owner as capital property.