§ 58.1-443. Prohibition of worldwide consolidation or combination

VA Code § 58.1-443 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.