### Question
Can you define what eligible corporation means?


### Answer
**Eligible corporation** is defined as the following in *26 U.S.C. § 860L*:

> any domestic C corporation other than—


(A) a corporation which is exempt from, or is not subject to, tax under this chapter,


(B) an entity described in section 851(a) or 856(a),


(C) a REMIC, and


(D) an organization to which part I of subchapter T applies

#### Citation:
  - *26 U.S.C. § 860L*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART V-FINANCIAL ASSET SECURITIZATION INVESTMENT TRUSTS**

