Prohibition of worldwide consolidation or combination

Va. Code Ann. § 58.1-443
in effect
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Notwithstanding any other provisions of this chapter, the Department shall not require, and no corporation may elect, that a consolidation or combination of an affiliated group include any controlled foreign corporation, the income of which is derived from sources without the United States. Code 1950, § 58-151.079:1; 1981, c. 402; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-443/Fetched: 10/16/2026

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