Partnership Treatment. No election shall be made by the Company to be excluded from the application of the provisions of Subchapter K of the Code, or to be treated as an association taxable as a corporation, and all Members agree to treat the Company as a partnership for all federal, state, and local income tax purposes unless otherwise specifically required by law.
Appears in 4 contracts
Samples: Operating Agreement (Caterpillar Inc), Truck Business Relationship Agreement (Navistar International Corp), Joint Venture (Navistar International Corp)