Sec. 1-15.120. Expatriated entity.
60 words·~1 min read·
/il/chapter-30/act-500/1-15-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1-15.120. Expatriated entity. "Expatriated entity" means a foreign incorporated entity which is treated as an inverted domestic corporation under subsection
(b)of Section 835 of the Homeland Security Act of 2002, 6 U.S.C. 395(b), or any subsidiary of such an entity. The Federal regulations found at 26 CFR 1.7874-3 may be used to determine when 6 U.S.C. 395(b)(3) applies.