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the control requirement under 3 5 1 requires that the person or persons transferring property to the corporation immediatley after the transfer own stock possessing

the control requirement under

351

requires that the person or persons transferring property to the corporation immediatley after the transfer own stock possessing at least

80 %

of the total combined voting power of all classes of stock entitled to vote and at least

80 %

of the total number of shares of all other classes of stock of the corporation. True or false?

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