v2445-239

Document Title Page

Appendix

Revenue Act of 1938, c. 289, 52 Stat. 447:

Sec. 901. DEFINITIONS.

(a) When used in this Act

(2) The term '^corporation" includes associa-

tions, joint-stock companies, and insurance com-

panies.

Internal Revenue Code:

Sec. 3797. DEFINITIONS.

(a) When used in this title, where not other-

wise distinctly expressed or manifestly incom-

patible with the intent thereof

(3) Corporation. The term ' ' corporation ' ' in-

cludes associations, joint-stock companies, and

insurance companies.

(26 U.S.C. 1940 ed., Sec. 3797.)

Treasury Regulations 103, promulgated under the

Internal Revenue Code:

These Regulations are applicable to the years 1939,

1940 and 1941. The Regulations applicable to the

taxable year 1938 are Regulations 101, Art. 901-3,

the provisions of which are identical with those of the

Regulations hereinafter quoted.

Sec. 19.3797-3. Association distingaished from

trust. The term "trust" as used in the Internal

Revenue Code, refers to an ordinary trust.

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