### Question
How does TIME AND PLACE FOR PAYING TAX define non-readily-tradable stock?


### Answer
Under *26 U.S.C. § 6166*, **non-readily-tradable stock** is defined as:

> stock for which, at the time of the decedent's death, there was no market on a stock exchange or in an over-the-counter market

#### Citation:
  - *26 U.S.C. § 6166*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 62-TIME AND PLACE FOR PAYING TAX > Subchapter B-Extensions of Time for Payment**

