Section 542

A related program is the qualified participating entities qpe risk sharing program.

Section 542. 542 a 2 stock ownership requirement at any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned directly or indirectly by or for not more than 5 individuals. The section in question section 542 would authorize an unannounced middle of the night raid of the home of any individual subject to the uniform code of military conduct 542 a based on a middle of the night ex parte court proceeding 542 i initiated by an aggrieved friend or relation raising unsubstantiated allegations that the serviceman or servicewoman was abusive. 1954 relating to stock ownership requirement shall not apply in the case of an organization or trust organized or created before july 1 1950 if at all times on or after july 1 1950 and before the close of the taxable year such organization or trust has owned all of the common stock and at least 80 percent of the total number of shares of all other classes of stock of the corporation.

Turnover of property to the estate on westlaw findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system. For the latest information about developments related to pub. Section 542 a of the house amendment modifies similar provisions contained in the house bill and the senate amendment treating with turnover of property to the estate.

The program was developed as a demonstration program to test innovative mortgage insurance and reinsurance products to provide affordable multifamily housing through a partnership between the qpes and hud. Section 542 b encourages the development and preservation of affordable housing. The section makes clear that any entity other than a custodian is required to deliver property of the estate to the trustee or debtor in possession whenever such property is acquired by the entity during the case if the trustee or debtor in possession may use sell or lease the property under section 363 or if the debtor.

The last sentence of section 542 a 2 of the internal revenue code of 1986 formerly i r c. Comparison of certain insurers to minimum standard of performance. A the department shall compile the information received from an insurer under section 542 006 in a manner that enables the department to compare the insurer s performance to a minimum standard of performance adopted by the commissioner.

Section 542 turnover of property to the estate a except as provided in subsection c or d of this section an entity other than a custodian in possession custody or control during the case of property that the trustee may use sell.