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I-3 - Taxation Act

Section 641
Disposition versions

Full text
641. Despite section 640, a taxpayer is deemed not to have disposed of the taxpayer’s residual interest before the end of the partnership’s fiscal period in which the taxpayer ceased to be a member of the partnership even if all of the taxpayer’s rights described in that section have been satisfied in full before the end of that fiscal period.
1975, c. 22, s. 178; 1997, c. 3, s. 71; 2019, c. 14, s. 169.
641. Notwithstanding section 640, a taxpayer is deemed not to have disposed of his residual interest before the end of the fiscal year of the partnership in which he ceased to be a member thereof even if all of his rights described in the said section have been satisfied in full before the end of that year.
1975, c. 22, s. 178; 1997, c. 3, s. 71.
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