17 N.C. Admin Code 05B .1108 - Exclusion Provision Limited to Indebtedness Owed

Rule 05b .1108 - Exclusion Provision Limited to Indebtedness OwedRule 05b .1108 - Exclusion Provision Limited to Indebtedness Owed

Rule 05b .1107 - Borrowed Capital Treatment: Creditor Corporation Rule 05b .1109 - Equity Capital Not Deductible

The exclusion from the net worth base of indebtedness owed that is permitted the debtor corporation and the deduction permitted the creditor corporation in G.S. 105-122 are applicable only to indebtedness owed to or due from a parent, subsidiary, or affiliated corporation. These provisions do not apply where the indebtedness is only endorsed or guaranteed.

Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.