Affiliated Group Law and Legal Definition
According to 26 USCS § 1504 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 6. Consolidated Returns; Subchapter A. Returns and Payment of Tax], (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.
Legal Definition list
- Affiliated Company (Gaming Law)
- Affiliated Business Arrangement
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Affiliate of a Declarant
- Affiliate and Associated Company
- Affiliated Group
- Affiliated Persons (Securities)
- Affiliated Purchaser
- Affiliates
- Affiliation Order
- Affiliation Period (Health Care)
