§1241. Cancellation of lease or distributor’s agreement
26 U.S.C. § 1241
Amounts received by a lessee for the cancellation of a lease, or by a distributor of goods for the cancellation of a distributor’s agreement (if the distributor has a substantial capital investment in the distributorship), shall be considered as amounts received in exchange for such lease or agreement.
Notes, amendments, and revision history
(Aug. 16, 1954, ch. 736, 68A Stat. 333.)