two-party exchange

The term “two-party exchange” means a transaction, other than a sale, in which taxable fuel is transferred from a delivering person registered under section 4101 as a taxable fuel registrant to a receiving person who is so registered where all of the following occur:

Source

26 USC § 4105(b)

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Scoping language

None identified, default scope is assumed to be the parent (subpart B) of this section.

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