New Proposed Section 1504(a)(5) Regulation - Effect of Subsidiary's Options, Warrants, and Convertible Debentures on Subsidiary's Affiliated Group Membership

Jack S. Levin and William R. Welke analyze and critique the new proposed regulation under code section 1504(a)(5), which determines when options, warrants, convertible debentures, and similar rights on the stock of a subsidiary will be considered exercised for purposes of determining whether the subsidiary is part of an affiliated group. This article is in PDF format which requires Acrobat Reader.