### Question
How is the "other property" defined?


### Answer
The term **other property** is defined in *26 U.S.C. § 356* as follows -

> 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**

