58.1-443 - Prohibition of worldwide consolidation or combination. - Virginia Statutes

§ 58.1-443. Prohibition of worldwide consolidation or combination.

Notwithstanding any other provisions of this chapter, the Department shallnot require, and no corporation may elect, that a consolidation orcombination of an affiliated group include any controlled foreigncorporation, the income of which is derived from sources without the UnitedStates.

(Code 1950, § 58-151.079:1; 1981, c. 402; 1984, c. 675.)