§ 403(b)(7)(C)

a regulated investment company

UNDECIDED

0 of 2 settled

  1. 1

    § 403(b)(7)(C)

    ALL OF
    “a domestic corporation”
    “which is a regulated investment company within the meaning of section 851(a)” needs Step 2 a regulated investment company UNDECIDED
  2. 2

    § 851(a)

    a regulated investment company

    ANY OF

    For purposes of this subtitle, the term “regulated investment company” means any domestic corporation—

    “any domestic corporation—” Opening words
    “which, at all times during the taxable year— is registered under the Investment Company Act of 1940, as amended (15 U.S.C. 80a–1 to 80b–2) as a management company or unit investment trust, or has in effect an election under such Act to be treated as a business development company, or” § 851(a)(1)
    “which is a common trust fund or similar fund excluded by section 3(c)(3) of such Act (15 U.S.C. 80a–3(c)) from the definition of “investment company” and is not included in the definition of “common trust fund” by section 584(a).” § 851(a)(2)