---
kind: "section"
citation: "27 C.F.R. § 31.123"
title: "27"
number: "31.123"
heading: "New corporation."
url: "https://uscodex.org/cfr/27/31.123"
---

# §31.123. New corporation.


Where a new corporation is formed to take over and conduct the business of one or more corporations that have registered under this part, the new corporation must register in its own name as a new business.


## Notes

### Authority

Authority: 26 U.S.C. 5001, 5002, 5121, 5122-5124, 5131, 5132, 5206, 5207, 5273, 5301, 5352, 5555, 5603, 5613, 5681, 5687, 6061, 6065, 6071, 6091, 6103, 6109, 6723, 6724, 7805.

### Source

Source: T.D. TTB-79, 74 FR 37407, July 28, 2009, unless otherwise noted.