CODE OF VIRGINIA

PROHIBITION OF WORLDWIDE CONSOLIDATION OR COMBINATION (§ 58.1-443)

Notwithstanding any other provisions of this chapter, the Department shall not
require, and no corporation may elect, that a consolidation or combination of an
affiliated group include any controlled foreign corporation, the income of which
is derived from sources without the United States.

HISTORY: Code 1950, § 58-151.079:1; 1981, c. 402; 1984, c. 675.