WVC 29 - 22 B- 313
§29-22B-313. Indirect ownership defined.
"Indirect ownership" means an interest a person owns in an
entity or in property solely as a result of application of
constructive ownership rules without regard to any direct ownership
interest (or other beneficial interest) in the entity or property.
"Indirect ownership" shall be determined under the same rules
applicable to determining whether a gain or loss between related
parties is recognized for federal income tax purposes.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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