50-percent or greater interest
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “50-percent or greater interest” means stock possessing at least 50 percent of the total combined voting power of all classes of stock entitled to vote or at least 50 percent of the total value of shares of all classes of stock.
Source
- 1994–present26 U.S.C. § 355Internal Revenue Code · Distribution of stock and securities of a controlled corporation · for purposes of this section
The term “50-percent or greater interest” has the meaning given such term by subsection (d)(4).
Source
- 1997–present26 U.S.C. § 355Internal Revenue Code · Distribution of stock and securities of a controlled corporation · for purposes of this section