Per-Unit Retain Allocation Law and Legal Definition
According to 26 USCS § 1388 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter T. Cooperatives And Their Patrons; Part III. Definitions; Special Rules], the term "per-unit retain allocation" means "any allocation, by an organization to which part I of this subchapter [26 USCS § § 1381 et seq.] applies, to a patron with respect to products marketed for him, the amount of which is fixed without reference to the net earnings of the organization pursuant to an agreement between the organization and the patron."
Legal Definition list
Related Legal Terms
- Allocation Questionnaire
- Appropriated Retained Earnings
- Asset Allocation
- Grantor Retained Annuity Trust GRAT
- Grantor Retained Income Trust (GRIT)
- Grantor Retained Unitrust ( GRUT)
- National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) Program [Education]
- Nonqualified Written Notice of Allocation
- Per-Unit Retain Certificate
- Qualified Written Notice of Allocation
