### Question
What is the definition of predecessor company?


### Answer
The definition of **predecessor company** is as follows in *26 CFR § 1.851-6*:

> any corporation the basis of whose securities in the hands of the investment company was, under the provisions of section 358 or corresponding provisions of prior law, the same in whole or in part as the basis of any of the securities of the issuer and any corporation with respect to whose securities any of the securities of the issuer were received directly or indirectly by the investment company in a transaction or series of transactions involving nonrecognition of gain or loss in whole or in part

#### Citation:
  - *26 CFR § 1.851-6*
