# 9.108-1 Definitions.

As used in this section-

“Inverted domestic corporation” means a foreign incorporated entity that meets the definition of an inverted domestic corporation under 6 U.S.C. 395(b), applied in accordance with the rules and definitions of 6 U.S.C. 395(c).

“Subsidiary” means an entity in which more than 50 percent of the entity is owned-

1. 1. (1) Directly by a parent corporation; or

   2. (2) Through another subsidiary of a parent corporation.