Section 722

8200 as passed by the house and rejects the alternative contained in section 722 of the senate amendment.

Section 722. It authorizes an individual debtor to redeem. 98 369 effective as if included in amendments made by section 2131 of the tax reform act of 1976 pub. The amendments made by paragraph 1 amending this section and section 723 of this title shall take effect as if included in the amendments made by section 2131 of the tax reform act of 1976 pub.

Section 722 provides that the basis of an interest in a partnership acquired by a contribution of property including money to the partnership shall be the amount of the money and the adjusted basis of the property to the contributing partner at the time of. See section 752 and 1 752 1. Section 722 f 2 of pub.

Section 722 of the house amendment adopts the position taken in h r. This section is new and is broader than rights of redemption under the uniform commercial code. The provisions of this section may be illustrated by the following examples.

98 369 set out as a note under section 722 of this title. See 1 460 4 k 3 iv a for rules relating to basis adjustments required where a contract accounted for under a long term contract method of accounting is transferred in a contribution to which section 721 a applies.