Consolidated Subsidiary.

Consolidated Subsidiary. The term Consolidated Subsidiary means a corporation that both:
(i) Is a member of the same consolidated group as an Institution; and
(ii) Would be a member of the affiliated group that would be determined under section 1504(a) if the Institution were the common parent thereof.

Source

26 CFR § 1.597-1


Scoping language

None
Is this correct? or