### Question
Can you define what other property means?


### Answer
**Other property** is defined as the following in *26 U.S.C. § 356*:

> only the fair market value of such excess

#### Citation:
  - *26 U.S.C. § 356*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART III-CORPORATE ORGANIZATIONS AND REORGANIZATIONS > Subpart B-Effects on Shareholders and Security Holders**

