ineligible corporation

(2) Ineligible corporation defined For purposes of paragraph (1), the term “ineligible corporation” means any corporation which is— (A) a financial institution which uses the reserve method of accounting for bad debts described in section 585, (B) an insurance company subject to tax under subchapter L, or (C) a DISC or former DISC.

Source

26 USC § 1361(b)(2)

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Scoping language

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

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