§1057 — Repealed. Pub. L. 105–34, title XI, § 1131(c)(2), Aug. 5, 1997, 111 Stat. 980]

6 cases·2 followed·1 distinguished·3 cited—33% support

Statute Text — 26 U.S.C. §1057

[§ 1057. Repealed. Pub. L. 105–34, title XI, § 1131(c)(2), Aug. 5, 1997, 111 Stat. 980] Section, added Pub. L. 94–455, title X, § 1015(c), Oct. 4, 1976, 90 Stat. 1618, related to election to treat transfer to foreign trust, etc., as taxable exchange. A prior section 1057 was renumbered section 1063 of this title.

6 Citing Cases

Robert K. & Dawn E. Lowry, Petitioner T.C. Memo. 2003-225 · 2003

1057 (West 1982), which provides: - 14 - SEC. 1057. Delivery in escrow DELIVERY IN ESCROW. A grant may be deposited by the grantor with a third person, to be delivered on performance of a condition, and, on delivery by the depositary, it will take effect. While in the possession of the third person, and subject to condition, it is called an e

Estate of Alice Friedlander Kaufman, Deceased; James J. Morrissey, Alan S. Bercutt and Diane Fantl, Co-Executors, Petitioners T.C. Memo. 1999-119 · 1999

1057 (West 1986). Nor do we agree with Mr. Tack that each share of the estate's stock necessarily equaled the per-share value of the stock of any other shareholder. As we understand Mr. Tack's analysis, shares of stock have one of two values. They have one value, Mr. Tack states, if they represent a controlling interest in that the shareholder

Anthony Martinez, II, Petitioner T.C. Memo. 1996-412 · 1996

1057 (West 1982). Unless and until the conditions are satisfied, legal title does not pass to the grantee. Petitioner claims that Mr. Dakar's unlawful detainer complaint against him substantiates his investment in the Business. In fact, the unlawful detainer complaint proves merely that petitioner defaulted on an obligation to pay $5,000 in mo

Freedman v. Commissioner 71 T.C. 564 · 1979

Danskin, Inc. v. Commissioner 40 T.C. 318 · 1963

Harrods Limited v. Sixty Internet Domain Names 302 F.3d 214 · Cir.