### Question
How is the "intragroup stock" defined?


### Answer
The term **intragroup stock** is defined in *26 U.S.C. § 304* as follows -

> any stock which—



(I) is in a corporation which is a member of an affiliated group, and



(II) is held by another member of such group

#### Citation:
  - *26 U.S.C. § 304*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART I-DISTRIBUTIONS BY CORPORATIONS > Subpart A-Effects on Recipients**

