### Question
Can you define what intragroup stock means?


### Answer
**Intragroup stock** is defined as the following in *26 U.S.C. § 1503*:

> any stock which—



(i) is in a corporation which is or was a member of an affiliated group of corporations, and



(ii) is held by another corporation which is or was a member of such group

#### Citation:
  - *26 U.S.C. § 1503*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 6-CONSOLIDATED RETURNS > Subchapter A-Returns and Payment of Tax**

