5 Del. Admin. Code § 1113-2.0
Current through Register Vol. 28, No. 7, January 1, 2025
If a valid election is made, the electing subsidiary shall not be considered a subsidiary corporation of its parent banking organization or trust company for the purposes of Chapter 11 of Title 5, and the income of the electing subsidiary shall be excluded from the taxable income of its parent banking organization or trust company for the tax year involved.
5 Del. Admin. Code § 1113-2.0