Foreign trust. For purposes of para- graph (h)(1) of this section, in any case where stock is held by a foreign trust as defined in section 7701(a)(31), the trust is considered to be the share- holder and is an ineligible shareholder. Thus, even if a foreign trust qualifies as a subpart E trust (e.g., a qualified voting trust), any corporation in which the trust holds stock does not qualify as a small business corporation.
Appears in 9 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
