26 U.S.C. § 317 — Other definitions

For purposes of this part, the term “property” means money, securities^*, and any other property; except that such term does not include stock^* in the corporation^* making the distribution (or rights to acquire such stock).

For purposes of this part, stock shall be treated as redeemed by a corporation if the corporation acquires its stock from a shareholder^* in exchange for property, whether or not the stock so acquired is cancelled, retired, or held as treasury stock.