Prior Activities. Neither the Company nor any of its Subsidiaries has been a “distributing corporation” or a “controlled corporation” in connection with a distribution described in Section 355 of the Code and no election under Section 338 of the Code or any similar provision of applicable Law has been made or is required to be made by or with respect to the Company or its Subsidiaries.
Appears in 2 contracts
Sources: Merger Agreement (Scott's Liquid Gold - Inc.), Merger Agreement (Command Center, Inc.)