USC › Title 26 › §102326 U.S.C. § 1023Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗Copy link(1)For certain distributions by a corporation which are applied in reduction of basis of stock, see section 301(c)(2).(2)For basis in case of construction of new vessels, see chapter 533 of title 46, United States Code.