Examples of Old Fund in a sentence
Accordingly, we believe that, for purposes of section 381, New Fund will be treated just as Old Fund would have been if there had been no Reorganization.
New Fund will issue New Fund Shares to Old Fund in exchange for the Assets, which consist of money and securities.
Pursuant to the Reorganization, Old Fund is transferring all its properties to New Fund.
As noted above, it is our opinion that the Reorganization will qualify as such a reorganization and that Old Fund will recognize no gain on the Reorganization.
Accordingly, we believe that Old Fund is, and New Fund will be, a separate corporation, and their shares are, and will be, treated as shares of corporate stock, for purposes of section 368(a)(1)(F).