10-percent corporate shareholder

(2) 10-percent corporate shareholder defined For purposes of this subsection, the term “10-percent corporate shareholder” means any domestic corporation which, as of the day before the exchange referred to in paragraph (1), satisfies the stock ownership requirements of subsection (a)(2) with respect to the foreign corporation.


26 USC § 1248(i)(2)

Scoping language

For purposes of this subsection
Is this correct? or