C5: 26 USC 1388 — Definitions; special rules (2024 edition)
U.S. Government Publishing Office / Congress
- Tier: primary; type: federal
- Last opened and confirmed: October 16, 2026
- https://www.govinfo.gov/content/pkg/USCODE-2024-title26/pdf/USCODE-2024-title26-subtitleA-chap1-subchapT-partIII-sec1388.pdf
Read subsection (a) federal patronage-dividend definition and exclusions; glossary audit independently inspected (b) written notices of allocation and (c) qualified notices, redemption/consent alternatives and applicable 20-percent payment conditions. Archived 2024 U.S. Code; 2025 Form 1120-C instructions independently describe the patronage definition. No claim of complete subsequent-amendment verification.