Termination because parent’s S election terminates. X, an S corporation, owns 100 percent of Y. A QSub election is in effect with respect to Y for 2001. Effective on Janu- ary 1, 2002, X revokes its S election. Because X is no longer an S corporation, Y no longer qualifies as a QSub at the close of December 31, 2001.
Appears in 8 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
