Section 602.6. Interest in Unincorporated Entities.--(a) Except as set forth in subsection (b), for purposes of this article, a corporation's interest in an entity which is not a corporation shall be considered a direct ownership interest in the assets of the entity rather than an intangible interest.
(b) Subsection (a) does not apply to a corporation's interest in an entity described in section 601(a)(B)(1) or (2) of the definition of "corporation."
(602.6 added June 29, 2002, P.L.559, No.89 and amended Dec. 30, 2002, P.L.2080, No.232)
Compiler's Note: Section 2 of Act 232 of 2002, which amended section 602.6, provided that the General Assembly finds and declares that the amendment of section 602.6 is intended to clarify existing law and shall not be construed to change that law.