other · IRS · Rule · Published 2002-02-01 · Effective 2002-02-01 · 67 FR 4907
Document
Document number
02-2532
Federal Register citation
67 FR 4907
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2002-02-01
Effective date
2002-02-01
Treasury docket
TD 8982
Abstract
This document contains final regulations narrowing the definition of the term disqualified person for section 1031 like-kind exchanges. The amendments in the regulations are in response to recent changes in the federal banking law, especially the repeal of section 20 of the Banking Act of 1933 (commonly referred to as the Glass-Steagall Act). The regulations will affect the eligibility of certain persons to serve as escrow holders of qualified escrow accounts, trustees of qualified trusts, and qualified intermediaries.