Section 1361

Whoever willfully injures or commits any depredation against any property of the united states or of any department or agency thereof or any property which has been or is being manufactured or constructed for the united states or any department or agency thereof or attempts to commit any of the foregoing offenses shall be punished as follows.

Section 1361. Jones 607 f 2d 269 273 74 9th cir. 1361 a 1 in general for purposes of this title the term s corporation means with respect to any taxable year a small business corporation for which an election under section 1362 a is in effect for such year. Section 1361 is a specific intent crime see united states v.

That is intentionally with knowledge that he she is violating a law. In the case of any taxable year beginning after december 31 1996 restricted bank director stock as defined in section 1361 f of the internal revenue code of 1986 as added by this section shall not be taken into account in determining whether an s corporation has more than 1 class of stock. Section 1361 b 1 provides that for purposes of this subchapter the term small business corporation means a domestic corporation which is not an ineligible corporation and which does not a have more than 75 shareholders b have as a shareholder a person other than an estate a trust described in subsection c 2 or an organization described in subsection c 6 who is not an individual c have a nonresident alien as a shareholder and d have more than one class of stock.

For purposes of this subchapter irc sections 1361 et seq the term small business corporation means a domestic corporation which is not an ineligible corporation and which does not a have more than 100 shareholders b have as a shareholder a person other than an estate a trust described in subsection c 2 or an organization described in subsection c 6 who is not an individual c have a nonresident alien as a shareholder and d have more than 1 class of stock. 1361 a 2 c corporation. 1361 a s corporation defined i r c.