### Question
How does NORMAL TAXES AND SURTAXES define nonqualified per-unit retain certificate?


### Answer
Under *26 U.S.C. § 1388*, **nonqualified per-unit retain certificate** is defined as:

> a per-unit retain certificate which is not described in subsection (h)

#### Citation:
  - *26 U.S.C. § 1388*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter T-Cooperatives and Their Patrons > PART III-DEFINITIONS; SPECIAL RULES**

