10-percent shareholder
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “10-percent shareholder” has the meaning given such term by subsection (h)(3)(B).
Source
- 2005–present26 U.S.C. § 871Internal Revenue Code · Tax on nonresident alien individuals · for purposes of this section
The term “10-percent shareholder” means—
(i) in the case of an obligation issued by a corporation, any person who owns 10 percent or more of the total combined voting power of all classes of stock of such corporation entitled to vote, or
(ii) in the case of an obligation issued by a partnership, any person who owns 10 percent or more of the capital or profits interest in such partnership.
Source
- 1994–present26 U.S.C. § 871Internal Revenue Code · Tax on nonresident alien individuals · for purposes of this section