|
|
Succession to trade.
|
26.—Where a company (referred to subsequently in this section as “the successor company”) which did not carry on a trade on the 31st day of December, 1976, succeeds to a trade or part of a trade which was carried on by another company on that date, the successor company shall, for the purposes of this Chapter, be deemed to have carried on a trade on that date.
|
