affiliated group

(1) In general The term “affiliated group” means— (A) 1 or more chains of includible corporations connected through stock ownership with a common parent corporation which is an includible corporation, but only if— (B) (i) the common parent owns directly stock meeting the requirements of paragraph (2) in at least 1 of the other includible corporations, and (ii) stock meeting the requirements of paragraph (2) in each of the includible corporations (except the common parent) is owned directly by 1 or more of the other includible corporations.

Source

26 USC § 1504(a)(1)

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Scoping language

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

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