§ 58.1-443

Prohibition of worldwide consolidation or combination

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.


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


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