Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-412 - GAIN OR LOSS - EXCHANGE OF PROPERTY
Rule 1.26-51-412(c) - Stock or Securities Exchanged in a Reorganization

If stock or securities in a corporation, a party to a reorganization are, in pursuance to the plan of reorganization, exchanged for stock or securities in such corporation, or in another corporation, a party to the reorganization, and other property or money, the gain, if any, to the recipient shall be recognized in an amount not in excess of the sum of the money and the fair market value of other property. No loss from such an exchange will be recognized.