Denomination exchange of social security certificates: conversion allowed if aggregate face value matches and issue dates are preserved. Holders may exchange Social Security Certificates between lower and higher denominations so long as the aggregate face value remains the same; certificates issued in exchange must bear the same issue date as the surrendered certificates, and certificates with differing dates cannot be combined to obtain a higher-denomination certificate. Exchanges occur on application by the holder and replacement certificates reflect the original certificate date rather than the exchange date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Denomination exchange of social security certificates: conversion allowed if aggregate face value matches and issue dates are preserved.
Holders may exchange Social Security Certificates between lower and higher denominations so long as the aggregate face value remains the same; certificates issued in exchange must bear the same issue date as the surrendered certificates, and certificates with differing dates cannot be combined to obtain a higher-denomination certificate. Exchanges occur on application by the holder and replacement certificates reflect the original certificate date rather than the exchange date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
