17 NCAC 05B .1105          INVESTMENT IN SUBSIDIARY

For purposes of G.S. 105-122, the capital stock, surplus, and undivided profits base may not be reduced by the amount invested in a subsidiary.

 

History Note:        Authority G.S. 105-122; 105-262;

Eff. February 1, 1976;

Amended Eff. July 1, 1999; January 1, 1994.