“Affiliated group” means:

1. (a) Affiliated group as defined in RSA 77-E:3, II, for corporate enterprises; or

2. (b) A group of non-corporate business enterprises, if the chain of business enterprises is connected through ownership with a common business enterprise, provided that:

   1. (1) The common parent business enterprise owns directly at least 80% of the total ownership interest in at least one of the includible business enterprises; and
   2. (2) An ownership interest with at least 80% of the total ownership interest is owned directly by one or more of the other includible business enterprises.

Source. INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07 New. #9065, eff 1-10-08; ss by #11032, eff 1-29-16