nonbusiness assets

(C)For purposes of this paragraph, the term “nonbusiness assets” means assets held for investment. (D)For purposes of this paragraph, the nonbusiness asset share of the indebtedness of the corporation is an amount which bears the same ratio to such indebtedness as— (i)the fair market value of the nonbusiness assets of the corporation, bears to (ii)the fair market value of all assets of such corporation. (E)For purposes of this paragraph, stock and securities in any subsidiary corporation shall be disregarded and the parent corporation shall be deemed to own its ratable share of the subsidiary’s assets. For purposes of the preceding sentence, a corporation shall be treated as a subsidiary if the parent owns 50 percent or more of the combined voting power of all classes of stock entitled to vote, and 50 percent or more of the total value of shares of all classes of stock.


26 USC § 382(l)(4)(C)

Scoping language

For purposes of this paragraph
Is this correct? or