Constructive Receipt definition

Constructive Receipt. Constructive Receipt means that any corporate action exchange proceeds would be reported to the IRS in the year the merger is effective, whether or not the shareholder has presented the requisite and valid documentation in such year.
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Constructive Receipt means the recognition of the legal right to property, even though actual, physical transfer may be delayed, deferred, or transferred by other means.
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Examples of Constructive Receipt in a sentence

  • Important: Computershare uses Constructive Receipt reporting for its standard tax reporting default.

  • Important: Computershare uses Constructive Receipt (refer to below definition) reporting for its standard tax reporting default.

Related to Constructive Receipt

  • Substantial emotional distress means significant mental suffering or anguish that may, but does not necessarily, require medical or other professional treatment or counseling.

  • Demotion means a change from an employee's position to one with a lower maximum salary;

  • Conservator means a person who is appointed by a court to manage the estate of a protected person.

  • Ineligible Person shall include an individual or entity who: