Code of Federal Regulations Title 26. Internal Revenue § 26.1.852–12 Non–RIC earnings and profits

(i) Part I of subchapter M applied to the company for all its taxable years ending on or after November 8, 1983;  and

(ii) For each corporation to whose earnings and profits the investment company succeeded by the operation of section 381, part I of subchapter M applied for all the corporation's taxable years ending on or after November 8, 1983.

(i) Were earned by a corporation in a year for which part I of subchapter M applied to the corporation and, at all times thereafter, were the earnings and profits of a corporation to which part I of subchapter M applied;

(ii) By the operation of section 381 pursuant to a transaction that occurred before December 22, 1992, became the earnings and profits of a corporation to which part I of subchapter M applied and, at all times thereafter, were the earnings and profits of a corporation to which part I of subchapter M applied;

(iii) Were accumulated in a taxable year ending before January 1, 1984, by a corporation to which part I of subchapter M applied for any taxable year ending before November 8, 1983;  or

(iv) Were accumulated in the first taxable year of an investment company that began business in 1983 and that was not a successor corporation.