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the Delaware Code
2012 Delaware Code
Title 30 - State Taxes
CHAPTER 63. AFFILIATED FINANCE COMPANIES
§ 6301. Definitions.
Universal Citation:
30 DE Code § 6301 (2012 through 146th Gen Ass)
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As used in this chapter:
(1) "Affiliated finance company" means a corporation substantially all of whose activity within this State is limited to the issuance of commercial paper or other debt obligations and use of the proceeds to make loans to 1 or more of its affiliated corporations or to purchase receivables from 1 or more of its affiliated corporations.
(2) "Affiliated corporations" means 2 or more corporations which are members of a controlled group of corporations as defined in § 1563 of the Internal Revenue Code of 1954 [26 U.S.C. § 1563].
63 Del. Laws, c. 2, § 23.;
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